Citi Lifts AMD Target to $460, Sees 34% Share in $131.5B CPU Market
AMD•Citi raised AMD's price target to $460, forecasting the CPU market will grow from $29.3 billion in 2025 to $131.5 billion by 2030. The bank expects AMD to capture 34% share by 2030 and win Anthropic as a customer for its MI450 accelerator, with next-generation MI450 GPU and Helios rack milestones approaching.
1. Citi Raises Price Target on Strong CPU Outlook
Citi increased its price target on AMD to $460, citing robust demand for server CPUs as companies scale data centers and AI workloads intensify. Analysts highlighted AMD's improved performance and manufacturing capacity allocation at TSMC as key factors supporting the upgrade.
2. Forecast of Explosive CPU Market Growth
The firm projects the global CPU market will expand from $29.3 billion in 2025 to $131.5 billion by 2030, driven by enterprise investment in high-performance computing. This outlook suggests significant upside for both traditional processors and AI-optimized architectures.
3. AMD’s Share Gain and Upcoming Catalyst Events
Citi models AMD capturing roughly 34% of the CPU market by 2030, underpinned by design wins and TSMC partnerships. The bank also anticipates AMD announcing Anthropic as a customer for its MI450 AI accelerator and tracking progress on next-generation MI450 GPUs and Helios rack deployments, with further details expected at AMD’s July AI event.
