UBS Lifts Advanced Micro Devices Target to $670 on Server CPU Growth
AMD•UBS raised AMD’s price target to $670 from $455, citing accelerating server CPU demand and projecting server revenue rising to $23 billion in 2027 and $50 billion by 2030. Chaikin Money Flow for AMD stands at +0.169, indicating institutional accumulation and outpacing Broadcom’s distribution, underscoring investor rotation into memory and GPU chipmakers.
1. UBS Price Target Revision
UBS boosted Advanced Micro Devices’ price target from $455 to $670 while maintaining a Buy rating, highlighting improving demand for AMD’s server CPUs driven by AI and data center expansion.
2. Server CPU Revenue Forecasts
UBS raised AMD’s server CPU revenue projections to $16 billion in 2026, $23 billion in 2027 and $29 billion in 2028, and increased the 2030 estimate to $50 billion based on an unchanged 35x earnings multiple.
3. Institutional Money Flow Analysis
AMD’s Chaikin Money Flow reading of +0.169 signals strong institutional buying pressure, contrasting sharply with Broadcom’s negative CMF and indicating that large investors are accumulating AMD shares.
4. Market Rotation and Implications
The positive money flow and upgraded forecasts suggest a shift in investor focus toward memory and GPU chipmakers like AMD, potentially supporting further multiple expansion if server CPU growth meets expectations.
