Susquehanna Lifts AMD Target to $375 as Meta Scales Chip Deployments
Meta will deploy over 1 GW of Broadcom custom silicon alongside significant volumes of AMD chips to augment its new Nvidia-based AI infrastructure. Susquehanna raised its AMD price target to $375 from $300, lifting shares 1.6% premarket as investors bet on stronger AI and data-center demand.
1. Meta's AI Infrastructure Plans
Meta plans to integrate more than 1 GW of custom silicon co-developed with Broadcom alongside significant volumes of AMD chips, complementing its new Nvidia-based systems as it expands AI infrastructure capacity.
2. Susquehanna Raises AMD Price Target
Susquehanna boosted its AMD price target to $375 from $300, citing growing confidence in the company’s ability to capture demand for AI and data-center processors and sustain market share gains.
3. Investor Outlook Ahead of Q1 Results
AMD shares climbed 1.6% in premarket trading on the combined developments, with investors eyeing Q1 results on May 5 for data-center revenue figures, AI chip adoption trends and margin projections to confirm the outlook.