Bernstein raised its price target on Arm to $500 from $300, on AMD to $600 from $525, and on Intel to $100 from $65 based on AI-driven server CPU demand and power-efficient architectures. Intel’s Market Perform upgrade reflects expectations of stronger enterprise and data-center spending boosting chip sales.
Bernstein elevated its price targets for three leading chipmakers, boosting Arm’s target to $500 from $300, AMD’s to $600 from $525, and Intel’s to $100 from $65. The firm maintained Outperform ratings on Arm and AMD and a Market Perform on Intel, signaling differentiated expectations across the names.
The firm highlighted accelerating growth in AI workloads and expanding data-center investments as key drivers of server CPU demand. Arm’s power-efficient architecture positions it for agentic AI applications, while AMD’s established presence in the server market underpins its increased upside estimate.
Intel’s target rise to $100 reflects forecasts of robust enterprise spending on data-center infrastructure. The upgrade suggests confidence in Intel’s ability to capture a larger share of the server processor market amid rising cloud and on-premises compute needs.
