‘Watch AMD Stock Surge,’ Top BofA Analyst Boosts Price Target on Strong AI Momentum
Advanced Micro Devices (AMD) just got a bullish upgrade from BofA Securities analyst Vivek Arya, who raised his price target to $175 from $130, while maintaining a Buy rating. The five-star analyst shows confidence in AMD’s AI strategy and its expanding footprint in the data center GPU market.
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It must be noted that the upward revision came after AMD disclosed plans to resume shipments of its MI308 AI chips to China after receiving U.S. government approval. AMD stock was up 6% as investors were optimistic about this development.
Analyst Sees Data Center Growth
Arya estimates AMD can ship $400–$600 million in data center GPUs per quarter in the second half of 2025 and all of 2026. That adds…
