Movement Alert|AMD Rises 5.11% in Pre-Market Trading, Citi Upgrades to Buy with $575 Target Citing GPU Growth Potential

Market Focus06-15

On June 15, Advanced Micro Devices rose 5.11% in pre-market trading, trading at $534.99/share, with turnover of $23.08 million. The stock continues to gain momentum following a wave of major Wall Street upgrades.

The catalyst behind the move is Citi's upgrade of AMD from \"neutral\" to \"buy\" with a target price raised from $460 to $575. The analyst argued that the market is significantly underestimating AMD's GPU opportunity, noting that each gigawatt of power supply capacity corresponds to approximately $15 billion in AMD revenue. Citi highlighted that AMD is no longer just a CPU story, with GPU representing a formally emerging second growth engine powered by HBM4 integration.

The upgrade follows Bank of America raising its target from $500 to $560 and naming AMD its top CPU pick, as well as Goldman Sachs upgrading to \"buy\" with a $450 target citing agentic AI tailwinds for server CPUs and data center GPU upside into 2027. AMD's Q1 results showed revenue of $10.253 billion, up 37.85% year-over-year, with net income surging 95.06%. Market research data indicated AMD captured 33.2% server processor market share in Q1, with especially strong sales growth.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment