Susquehanna Boosts AMD Price Target to $375 on AI Chip Demand
Susquehanna increased AMD price target to $375 from $300 ahead of Q1 earnings, citing rising demand for AI and data center chips, lifting pre-market shares 1.6%. Investors are focused on May 5 results for data center revenue, AI chip demand and margin trends to gauge high-performance computing share gains.
1. Susquehanna Raises Price Target
Susquehanna increased its price objective for Advanced Micro Devices to $375 from $300, citing growing confidence in sustained AI and data center chip demand and pricing power.
2. Share Performance
AMD shares rose roughly 1.6% in pre-market trading following the upgrade, reflecting market optimism ahead of its first-quarter earnings release.
3. Upcoming Q1 Results
The company will report first-quarter results on May 5, with investors closely watching data center revenue, AI chip demand metrics and margin trends for signs of market share gains.
4. AI and Data Center Outlook
Analysts highlight that demand for high-performance computing GPUs could drive AMD’s revenue, supported by expanding data center infrastructure investments from hyperscalers.