AMD Price Target Raised to $600 as Samsung Foundry Talks Ease Constraints
AMD•Bernstein raised AMD’s price target to $600 from $525, implying 17% upside while maintaining an Outperform rating and citing continued strength in the server CPU market. Advanced Micro Devices’ stock climbed about 3% on reports that Samsung is negotiating foundry capacity to help alleviate TSMC production constraints for AI chips.
1. Bernstein Raises AMD Price Target
Bernstein lifted its price target on AMD to $600 from $525, representing roughly 17% upside, and kept an Outperform rating. The firm highlighted robust demand in the server CPU market and made only modest estimate changes given already favorable industry trends.
2. TSMC Constraints Spur Samsung Foundry Talks
Advanced Micro Devices relies heavily on TSMC’s leading-edge capacity, which is largely spoken for, prompting discussions with Samsung about future chip production. Such talks could provide AMD additional manufacturing headroom to meet growing AI and data-center processor demand.
