TradingKey – As of the close on Wednesday, October 7, Eastern Time, AMD (AMD) fell 0.55% on Wednesday after hitting a record high of $658.52 on Tuesday. However, technical indicators show the stock remains in an uptrend, while Citi recently raised its price target sharply from $575 to $800, further heightening market focus on the long-term growth potential of the company’s CPU business.
According to the latest reports, Citi analyst Atif Malik raised AMD’s price target from $575 to $800 while maintaining a “Buy” rating. Citi also raised its projection for the CPU addressable market in 2030 to $300 billion, a significant expansion from approximately $25 billion in 2025, expecting the CPU market to grow at an average annual rate of about…
