AMD Stock: Daiwa Initiates Bullish $300 Target Amid AI-Driven Data Center Demand
Advanced Micro Devices (AMD) shares rallied after Daiwa Capital Markets issued a $300 price target, implying 44% upside from current levels. The bullish call reflects AMD's positioning in the AI hardware race, where its data center GPUs and CPUs are gaining traction against Nvidia's dominance.
Despite broader tech sector volatility triggered by Oracle's funding concerns, AMD has surged 65% year-to-date. The stock weathered a Q1 plunge to $80 during market-wide corrections, rebounding sharply as AI infrastructure spending accelerated.
TD Cowen's Joshua Buchalter echoes the Optimism with a $290 mid-2026 forecast, noting AMD's architectural advantages in next-gen AI processors. Competition intensifies as hyperscalers diversify GPU suppliers beyond Nvidia.
