Citi raises AMD price target to $800 on Meta Muse impact
AMD Advanced Micro Devices Inc
$631.75 -0.34%
View chart & analysis → - 1Citi analysts raised their AMD price target to $800 on Tuesday from the previous $575.
- 2Agentic AI has the potential to increase computing demand dozens of times compared to existing chatbots.
- 3The 2025 CPU total addressable market (TAM) of $29 billion is projected to grow to $300 billion by 2030.
So what's the key point?
Citi raised its price target for AMD to $800 because it expects the stock to rise further. This is because advancing artificial intelligence technology could significantly increase the demand for computer processing.
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