Bank of America analyst Vivek Arya raised AMD’s price target to $620 from $550 and kept a Buy rating, saying demand tied to AI servers continues to support a stronger growth outlook for the chipmaker. Arya said AMD could post another quarter ahead of expectations as AI server demand stays firm, EPYC processor share improves, and supply visibility gets better.
BofA said the company is no longer just a CPU recovery trade and is becoming a more complete AI infrastructure supplier. The bank pointed to AMD’s EPYC server CPUs, Instinct AI accelerators, and the upcoming MI455X Helios rack-scale system as likely drivers of the next leg of growth.
Arya also said AMD’s third-quarter guidance could include initial shipments of MI455X Helios. If demand holds up and supply execution stays on track, quarterly AI revenue could reach more than $6 billion to $7 billion by the end of the fourth quarter. BofA added that agentic AI workloads may lift data center CPU demand and expand AMD’s addressable opportunity in server CPUs.
Bank of America analyst Vivek Arya has raised AMD’s price target to $620 from $550, saying strong AI server demand, rising share for EPYC processors, and better supply visibility could help the company deliver another quarter above expectations.
BofA maintained its Buy rating on AMD. The bank said the company is no longer only a CPU recovery trade and is turning into a more complete AI infrastructure supplier.
It pointed to AMD’s EPYC server CPUs, Instinct AI accelerators, and the upcoming MI455X Helios rack-scale offering as possible core drivers of the next phase of growth. Arya said AMD’s third-quarter guidance may include initial shipments of MI455X Helios. He also said that if demand and supply execution remain on track, AMD’s quarterly AI revenue could rise to more than $6 billion to $7 billion by the end of the fourth quarter.
BofA also said agentic AI workloads are likely to increase demand for data center CPUs, expanding AMD’s market opportunity in server CPUs.
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