This Chip Stock Could Overtake Intel by 2027—Wall Street Sees 40% Upside as AI Agents Reshape the CPU Market
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- Raymond James upgraded Advanced Micro Devices to a strong buy with a price target of $641, projecting the company could surpass Intel in the CPU market by 2027.
- The investment firm anticipates the global CPU market to reach approximately $201 billion by 2030, driven significantly by the proliferation of agentic AI.
- Advanced Micro Devices is securing key infrastructure design wins and funding its AI expansion to capture growing demand for data center and server CPUs.
