Advanced Micro Devices Price Target Raised to $375 on 6 GW AI GPU Deals
Susquehanna raised Advanced Micro Devices’ price target to $375 from $300, citing data center GPU demand backed by 6-gigawatt deals with OpenAI and Meta and forecasting $17 billion GPU revenue. Shares rose 2% as investors await Q1 results May 5, focusing on data center revenue, AI chip margins and MI350/MI450 ramps.
1. Susquehanna Raises Price Target
Susquehanna raised AMD’s price target to $375 from $300, highlighting strong demand for data center GPUs driven by AI infrastructure spending and forecasting $17 billion in GPU revenue for 2026.
2. AI Hardware Deals Boost Outlook
AMD has secured 6-gigawatt hardware agreements with OpenAI and Meta, and its MI350 accelerators are ramping in the first half of 2026 while MI450 and Helios GPUs are slated for later launches, underpinning growth expectations.
3. Q1 Results and Investor Focus
Advanced Micro Devices is set to report first-quarter results on May 5, with investors watching data center revenue, AI chip margin trends and the impact of new GPU and server chip ramps on overall profitability.