July 30 – Bank of America Securities raised its price target on Advanced Micro Devices 
AMD to $200 from $175, citing strong momentum in artificial intelligence and CPU markets ahead of the company’s fiscal Q2 earnings report. The new target implies a nearly 13% upside from recent levels.
BofA analyst Vivek Arya, who maintained a Buy rating, expects AMD to gain significant market share in CPUs and AI GPUs through 2026. The firm’s current share of the CPU market remains under 20%, but Arya anticipates this figure will exceed 30% by 2026.
Arya also highlighted growing GPU opportunities, especially following improved trade dynamics with China. AMD is projected to resume AI GPU shipments to the region in the second half of 2025, potentially generating $700 million to $1 billion in added revenue next year.
Strong pricing for AMD’s MI355X GPUs, currently exceeding $20,000 per unit, also supports the bullish outlook. Arya expects Q2 revenue to slightly exceed consensus at $7.5 billion.
Full-year 2025 projections from BofA also came in above Street estimates, with $33 billion in revenue and over $4.10 per share in adjusted earnings.