Citi lifts AMD price target to $800 on Meta’s Muse AI catalyst
Citi analyst Atif Malik raised AMD’s price target to $800 from $575, citing the launch of Meta’s Muse AI agent and the resulting surge in CPU demand. The firm also highlighted AMD’s recent $8.2 billion acquisition of World Labs and record Q2 results, including revenue of $11.5 billion, up 50% year‑over‑year. AMD’s data‑center revenue jumped to $6.7 billion, and the analyst expanded the CPU total addressable market to $300 billion by 2030. The stock rose 1% in pre‑market trading and has climbed sharply since Muse’s debut.
Why it matters
Citi’s higher target suggests a bullish outlook for AMD’s earnings and could attract buying interest, potentially lifting the share price. The analyst’s TAM expansion signals strong long‑term growth for AMD’s CPU and data‑center businesses.
Key facts
- 1Citi raised AMD’s price target to $800 from $575. finance.yahoo.com
- 2AMD acquired World Labs for $8.2 billion, with closing expected by end of 2026. finance.yahoo.com
- 3Q2 revenue was $11.5 billion, a 50% year‑over‑year increase. finance.yahoo.com
- 4Data‑center revenue reached $6.7 billion in Q2. finance.yahoo.com
- 5Citi’s CPU TAM estimate rose to $300 billion by 2030, up from $29 billion in 2025. finance.yahoo.com
- 6AMD shares rose 1% in pre‑market trading following the target raise. finance.yahoo.com
Open questions
- Material 4 reports a 30% stock rally since Muse launch, while material 5 cites a 193% gain over six months; the exact magnitude of the price move is unclear.
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.