AMD Just Got a Potential AI Heavyweight Customer. Here’s the New Price Target

Quick Read - AMD carries a BUY target of $563, with Anthropic potentially joining Microsoft, OpenAI, Meta, and Oracle as confirmed GPU customers. - NVIDIA dominates with 92% Data Center growth and a P/E of 41, while Intel's $4 billion restructuring leaves AMD's GPU momentum...</p

Quick Read – AMD carries a BUY target of $563, with Anthropic potentially joining Microsoft, OpenAI, Meta, and Oracle as confirmed GPU customers. – NVIDIA dominates with 92% Data Center growth and a P/E of 41, while Intel’s $4 billion restructuring leaves AMD’s GPU momentum…

challenged. – AMD’s trailing P/E of 186 leaves shares exposed if the July 22 event disappoints or China export controls tighten further. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today

The AI infrastructure land grab has a new potential domino. Jefferies analysts flagged Anthropic as a likely next AMD customer announcement, with the chipmaker’s Advancing AI 2026 event set for July 22 to 23. That joins a customer roster reading like a who’s who of AI, forcing a fresh look at where the stock can go.

Our 24/7 Wall St. price target for AMD (NASDAQ:AMD) is $562.88, pointing to 13.54% upside from the current $495.76. The recommendation is buy, with confidence at 90%. 24/7 Wall St. Price Target Summary A Rally That Just Paused AMD is up 131.49% year to date and 209.06% over the past year, but shares have cooled 11.14% in the past week after touching a 52-week high of $584.73.

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