Raymond James Assumes AMD (AMD) at Outperform

Raymond James analyst Simon Leopold assumes coverage on AMD (NASDAQ: AMD) with a Outperform rating and a price target of $337.00.

The analyst comments "We resume coverage of Advanced Micro Devices, Inc. (AMD) with an Outperform rating. AMD is a leading vendor of CPUs, APUs, and GPUs in the consumer and data center markets and is actively developing new elements including platforms and software. Investor skepticism lingers, but shares have attracted a broader audience than in the past and have delivered outstanding performance YTD, up ~2x. Fundamentals need to catch up, and we believe they will. The newest wins with OpenAI and HUMAIN for ~1 GW could be worth $15B in 2026. These grow to over 2 GW in 2027. AMD appears poised for continued server and PC share gains, too. Additionally, the OpenAI deployment may serve as an important endorsement for potentially encouraging other model builders and hyperscalers to adopt AMD GPUs. The AI TAM is large enough to support multiple chip suppliers, and AMD will be among the participants. We establish a $377 price target."

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $223.55 yesterday.

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