Movement Alert|Advanced Micro Devices Rises 4.39% in Regular Trading, Citi Upgrades to Buy and Raises Target to $575 on GPU Growth Potential

Market Focus06-15

On June 15, Advanced Micro Devices (AMD) rose 4.39% in regular trading, trading at $554.345/share, with turnover of $3.75 billion.

On the news front, Citi upgraded AMD from \"Neutral\" to \"Buy\" and raised its price target significantly from $460 to $575, citing the company's underappreciated GPU growth potential. Citi analyst Atif Malik noted that the current market valuation framework misprices AMD as primarily a CPU story, with the stock implying only approximately 60% probability that AMD achieves over $50 billion in GPU revenue by 2028. In his view, this severely underestimates the GPU wave AMD is poised to ride.

The core catalyst behind the upgrade is AMD's strategic supply agreement with Meta Platforms for a multi-year, 6-gigawatt AI data center GPU deal accompanied by 160 million common stock warrants, with the first 1GW delivery beginning in the second half of this year. The Citi upgrade follows Goldman Sachs raising AMD to \"Buy\" with a $450 target on agentic AI tailwinds, and Bank of America lifting its target from $500 to $560, naming AMD its top CPU pick.

(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