Bernstein Lifts AMD PT to $600, Boosts 2030 Server Market Estimate to $223B on AI Demand
AMD has more than doubled off its 52-week low of $133.5.
Summary
Bernstein raised AMD's price target to $600 and significantly increased its 2030 server CPU market estimate to $223 billion, up from $137 billion, citing robust AI demand. This follows AMD's strong Q1 2026 results, which reported $10.25 billion in revenue on May 5th. The substantial upward revision in the long-term market forecast for server CPUs highlights a significantly larger growth runway for AMD in a critical segment. This re-evaluates the company's future potential in the rapidly expanding AI-driven data center market.
At the time of this announcement, AMD was trading at $518.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $850.5B. The 52-week trading range was $133.50 to $562.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.