Citi lifts AMD price target to $800 on agentic AI demand outlook
Citi raised its price target for Advanced Micro Devices to $800, up from $575, citing the expected surge in demand for agentic AI applications. The brokerage projects the CPU market to reach $300 billion by 2030, with AMD positioned as the primary beneficiary. Citi analyst Atif Malik also highlighted AMD's recent data‑center revenue jump of 107% year‑over‑year to $6.7 billion. The firm forecasts third‑quarter revenue of about $13 billion, plus or minus $300 million.
Why it matters
Citi’s higher target implies a potential 26.6% upside from the current price, which could attract more investor interest. The firm notes that sustained data‑center growth and AI adoption are key catalysts for achieving the new target.
Key facts
- 1Citi increased AMD’s price target to $800 from $575. investing.com
- 2The brokerage expects the CPU total addressable market to grow to $300 billion by 2030. investing.com
- 3AMD’s second‑quarter data‑center revenue rose 107% year‑over‑year to $6.7 billion. finance.yahoo.com
- 4Total revenue for the quarter was $11.5 billion, up 50% year‑over‑year. finance.yahoo.com
- 5Citi forecasts AMD’s third‑quarter revenue at about $13 billion, plus or minus $300 million. finance.yahoo.com
Open questions
- Citi’s third‑quarter revenue forecast includes a +/- $300 million range.
- Citi’s estimate of 100 million daily users of Meta’s Muse requiring 200,000‑390,000 Blackwell‑class GPUs is not independently verified.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.