<div id="readability-page-1">Target hike explained: Citi raised AMD's price target to $460, driven by forecasts of surging CPU demand from AI workloads, but kept its neutral rating. AI reshaping CPU market: Citi projects the server CPU market will grow from $29.3B in 2025 to $132B in 2030, with agentic AI driving much of the expansion. AMD's market position: By 2030, Citi expects AMD to hold 34% of the CPU market, benefiting from the shift toward CPU-intensive AI applications.</div>

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<p>Citi has raised AMD's price target to $460, citing a surge in CPU demand driven by AI workloads, while maintaining a neutral rating. The server CPU market is projected to grow from $29.3B in 2025 to $132B by 2030, with AMD expected to capture 34% of the market due to the rise of CPU-intensive AI applications.</p>

- Citi raised AMD's price target to $460, driven by forecasts of surging CPU demand from AI workloads, while maintaining a neutral rating.  
- The server CPU market is projected to grow from $29.3 billion in 2025 to $132 billion in 2030, largely due to agentic AI.  
- By 2030, AMD is expected to capture 34% of the CPU market as it benefits from the increasing demand for CPU-intensive AI applications.

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Citi lifts AMD target to $460 on AI CPU growth outlook