Analysts Boost AMD Price Targets 8% as Shares Dip in Sector Slump
AMD•AMD shares dipped 2.5% Tuesday during broad chip sector declines while Nvidia rallied, even as Bank of America and Goldman Sachs raised AMD price targets by about 8%, citing robust AI GPU demand. The banks lifted their targets to $145 and $150, reflecting expectations of accelerating data-center revenue.
1. AMD Shares Fall Amid Broad Chip Sell-Off
AMD stock declined 2.5% on Tuesday even as Nvidia posted gains, as investors rotated out of mid-cap chip names into perceived AI leaders. The sector pullback reflected profit-taking after recent rallies in GPU-focused stocks.
2. Bank of America and Goldman Sachs Hike Price Targets
Analysts at Bank of America and Goldman Sachs raised AMD price targets by roughly 8%, to $145 and $150 respectively. They cited strong AI GPU order momentum and expected next-generation data-center chips to drive revenue growth through 2027.
