Citi lifts AMD price target to $800 on AI‑driven CPU market outlook
Citigroup raised its price target for Advanced Micro Devices from $575 to $800 after a note highlighted the surge in demand for CPUs from AI agents that run continuously. The firm cited AMD’s partnership with Meta and strong chip demand confirmed by CEO Dr. Lisa Su. Following the upgrade, AMD shares jumped between 1.7% and 4% in pre‑market and intraday trading, reaching fresh highs above $640. The note projects the global CPU market to expand from $29 billion in 2025 to $300 billion by 2030.
Why it matters
Citi’s higher target suggests analysts expect significant revenue growth for AMD as AI agents increase compute needs, which could boost the stock’s upside if the company meets demand. The upgrade also reinforces a bullish view for the broader semiconductor sector tied to AI workloads, according to the Citi analysts.
Key facts
- 1Citi raised AMD’s price target from $575 to $800. gurufocus.com
- 2AMD’s pre‑market price was $631.75, up 1.7% after the note. gurufocus.com
- 3AMD’s intraday price rose to $648, a 2.6% gain, after the note. marketscreener.com
- 4AMD’s price later reached $656, a 4% increase, near a record high. finance.yahoo.com
- 5Citi projects the CPU market to grow from $29 billion in 2025 to $300 billion by 2030. marketscreener.com
- 6Citi attributes part of AMD’s upside to its partnership with Meta, a major server customer. marketscreener.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.