AMD Stock Surges 9% on AI and Data Center Growth Optimism
Advanced Micro Devices (AMD) shares jumped 9% after outlining ambitious long-term financial targets at its 2025 Analyst Day. The chipmaker projects a 35% revenue CAGR and over $20 in future EPS, with Wall Street particularly bullish on its AI and data center prospects.
Truist Securities maintains a $279 price target, citing AMD's undervaluation at just 10x projected 2030 earnings. Stifel similarly endorsed the stock with a $280 target, highlighting consistent execution in technology leadership and IP development.
The rally reflects growing institutional confidence in AMD's ability to capture share in the $1 trillion compute market. Server accelerators and AI workloads are expected to drive a 45% EPS CAGR through 2030, according to analyst estimates.