AMD Gains 2% as Analyst Sees $330 Price Target, 63% Upside
AMD shares rose 2% after Aletheia Capital maintained a Buy rating with a $330 price target implying 63% upside. The firm cited agentic AI reliance on server CPUs and forecasts server CPU revenue growth through 2028 alongside data center GPU sales climbing to $58–77 billion by 2027–28.
1. Analyst Reiterates Buy Rating
Stefan Chang at Aletheia Capital reiterated a Buy rating on AMD shares, emphasizing the company’s leadership in server processors for emerging AI workloads.
2. Price Target Implies 63% Upside
The $330 price target suggests a 63% rally from current levels, reflecting expectations of broad-based strength in AMD’s data center business.
3. AI and Data Center Growth Drivers
Forecasts show server CPU revenue growing steadily through 2028, while data center GPU sales are projected to rise from $17 billion in 2025 to between $58 billion and $77 billion by 2027–28, driven by agentic AI demands.
4. Potential Risks to Outlook
Weaker end-market demand, execution challenges and geopolitical tensions could slow adoption of new AI architectures and temper AMD’s growth trajectory.