Evercore ISI Raises Price Target on Advanced Micro Devices (AMD) Amid AI Market Shift

On May 19, Evercore ISI raised its terms proposal connected Advanced Micro Devices, Inc. (NASDAQ:AMD) to $579 from $358. It reiterated an Outperform standing connected the shares. After completing a circular of Q1 AI transmission checks, the steadfast said 1 of the biggest themes it heard was that AI workloads are expected to displacement from a training-focused marketplace toward an inference-led marketplace by the extremity of 2026. The steadfast besides noted that the modulation is putting greater absorption connected cost-per-token, instrumentality connected investment, and full outgo of ownership. According to Evercore, that inclination is expanding hyperscaler involvement successful internally developed ASICs and alternate accelerators.

On May 18, Citi raised its terms extremity connected AMD to $460 from $358. It maintained a Neutral standing connected the stock. Citi introduced a caller CPU full addressable marketplace exemplary that includes general-purpose CPUs, AI caput nodes, and agentic CPU applications. The steadfast present expects the marketplace to turn 35% annually and scope $132 cardinal by 2030, driven successful portion by projected 185% yearly maturation successful agentic CPUs. Citi said the higher terms people reflects updates to its model.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is simply a planetary semiconductor institution focused connected high-performance computing and artificial intelligence. Its concern segments see Data Center, Client and Gaming, and Embedded.

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