BofA Raises AMD Price Target from $550 to $620 on AI Server Strength

AMD-5.29%
According to Bank of America analyst Vivek Arya, on July 17, BofA raised AMD's price target from $550 to $620 and maintained a Buy rating, citing strong AI server demand and improved supply visibility. The bank expects AMD's quarterly AI revenue could reach $6–7 billion or more by the fourth quarter, with potential MI455X Helios rack-scale shipments included in Q3 guidance.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments