- Susquehanna analyst Christopher Rolland maintained a positive AMD rating and raised his price target to $500, representing more than 15% upside from the prior close cited in the report.
- Rolland expects AMD’s fiscal second-quarter results and guidance to be driven primarily by data-center demand, with robust server CPU demand and higher PC production providing support.
- The analyst cited multibillion-dollar deployment agreements involving AMD Instinct MI accelerators and rack-scale platforms with OpenAI, Meta, and Anthropic.
- AMD is scheduled to release fiscal second-quarter results on August 4 after the market closes.
Quotes
“We expect better results/guidance, driven primarily by data center.”
“Indeed, agentic AI remains the primary driver of accelerating CPU demand as some agentic workloads now require a CPU-to-GPU ratio >1”