AMD CEO cites strong data‑center demand and Citi lifts price target to $800
AMD chief executive Lisa Su said data‑center demand remains very strong during a tour of Samsung and SK Hynix. She added that the company sees strong demand signals across its product portfolio. Citi analyst Atif Malik raised his price target on AMD to $800, up from $575, citing the AI‑driven CPU market expansion. AMD shares are up about 200% year‑to‑date, trading at record highs.
Why it matters
Citi’s higher price target suggests analysts expect continued revenue growth from data‑center and AI‑related demand, which could support the stock’s upward momentum. The strong demand commentary may reinforce investor confidence ahead of AMD’s upcoming earnings report.
Key facts
- 1Data‑center demand remained "very strong" according to Su’s remarks in Seoul. finance.yahoo.com
- 2Su said she is seeing "strong demand signals" across AMD’s product portfolio. finance.yahoo.com
- 3AMD shares are up 200% year‑to‑date and trading at record highs. finance.yahoo.com
- 4Citi analyst Atif Malik raised the price target on AMD to $800 from $575. finance.yahoo.com
- 5Citi expects the CPU total addressable market to grow from $29 billion in 2025 to $300 billion in 2030. finance.yahoo.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.