30/08/2026
BREAKING: Raymond James has upgraded AMD stock to Strong Buy from Outperform while maintaining its $641 price target, implying nearly 40% upside from current levels.
The firm extended its AI Factory framework to the server CPU market and forecast rapid expansion driven by agentic workloads.
The brokerage firm sees the server CPU market growing at a 44% five-year compound annual rate to roughly $201 billion by 2030, comprising $33.5 billion of conventional datacenter CPUs, $83 billion of AI head-end CPUs and $85 billion of agentic CPUs.
"AMD offers the strongest combination of direct earnings leverage, datacenter positioning and market-share gains," analyst Simon Leopold wrote.