Analysts Lift AMD Targets to $670 as CPU AI Demand Accelerates

AMD shares are surging as multiple Wall Street firms raise price targets, recognizing CPUs as a critical component of the agentic AI buildout alongside GPUs. The latest developments on June 26 show Barclays, Mizuho, and Bernstein joining UBS in lifting targets, with UBS now at $670. This follows UBS's June 24 note projecting AMD server CPU revenue of $23 billion in 2027 and $29 billion in 2028, alongside Bank of America's raised 2030 TAM estimate to $170 billion. AMD stock has risen more than 130% this year despite a recent pullback.