Wall Street revises AMD price targets after the chipmaker reports $1.37 EPS, beating estimates amid AI-driven demand growth.
Advanced Micro Devices (AMD) shares have climbed 112.5% year-to-date, with a 123.76% jump from March 31 to May 8, driven by optimism over its AI infrastructure positioning. The rally follows strong first-quarter results, where AMD posted adjusted earnings of $1.37 per share, surpassing expectations.
AMD’s gains reflect renewed demand for its CPUs and GPUs, particularly in AI data centers, though it still trails Nvidia in GPU market share. The company’s upbeat outlook and 18.61% single-day gain after earnings further fueled investor confidence.
Analysts are raising price targets as AMD solidifies its role in the AI semiconductor market, competing with Nvidia and Intel in high-end chip segments.