AMD Stock Gets 'Strong Buy' Upgrade From Raymond James — Here's Why
Tip Ranks·
- Raymond James analyst Simon Leopold upgraded Advanced Micro Devices (AMD) from Outperform to Strong Buy and raised its price target to $641.
- The upgraded forecast is driven by an expected 44% five-year CAGR in the server CPU market, reaching approximately $201 billion by 2030.
- This projected growth stems from surging demand across both traditional data centers and AI-related workloads.
