AMD Gets Price Target Hike as Analysts See Data Centre Growth Accelerating

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Trending AI Stocks in Focus This Week. On July 16, Wells Fargo reiterated the stock as “Overweight” and raised its price target on the stock to $185 per share from $120.

“We think AMD will point to confidence in the trajectory to y/y AMD’s datacenter GPU growth into 2H25,”

According to analyst Aaron Rakers, this datacenter GPU growth will be driven by the build-up of MI355X chips, which began shipping last month.

The analyst also expects AMD to highlight its roadmap execution, especially for its fifth-generation Epyc processors dubbed Turin.

“We expect AMD results to highlight the company’s position as a continued share gainer in server [central processing units] with a materializing ramp of Turin Zen 5-based EPYC CPUs + continued adoption of the Zen 4-based Genoa / Bergamo EPYC CPUs. We remain confident in AMD’s strong roadmap execution,” he said, saying there should appear to be “ample room for enterprise driven growth.”

AMD is set to report its earnings in early August.

“We expect AMD to point to sustained datacenter momentum into 2H; roadmap execution and building rack-scale strategy.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

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