- Citi upgraded AMD from “neutral” to “buy” and raised its price target from $460 to $575.
- Bank of America also increased its AMD price target to $560, forecasting server CPU markets to grow 5x by 2030.
- AMD’s stock surge aligns with its new Ryzen AI Halo launch and a 4.73% price jump amid improving market sentiment.
On June 12, 2026, Citi significantly boosted its outlook on Advanced Micro Devices (AMD) by upgrading the stock to “buy” and setting a new $575 price target. Bank of America concurrently raised its target to $560, maintaining its bullish stance on the chipmaker. Analyst Vivek Arya from the bank now projects the server CPU market will explode to over $170 billion by 2030.
This represents a fivefold increase from the prior estimate of $35 billion. Consequently, the bank believes AMD’s GPU business is not yet fully valued in its current stock price. However, the broader stock market recently faced volatility due to geopolitical tensions and inflation.
Meanwhile, the announcement of a peace deal between the US, Iran, and Israel has improved investor sentiment. AMD’s stock price rose 4.73% today, trading at $511.7 following this positive shift. The company’s price surge also comes on the heels of its Ryzen AI Halo computer reveal.
This product is positioned as a direct competitor to NVIDIA‘s DGX Spark. While GPUs have driven the AI boom, Intel CEO Lip-Bu Tan suggests CPUs will gain increasing importance. AMD’s dual strength in both GPU and CPU markets could prove highly advantageous.
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