BofA Securities Raises AMD Price Target to $720
BofA Securities analyst Vivek Arya raised the price target on AMD (NASDAQ: AMD) to $720 (from $620) while maintaining a Buy rating.
“We hosted Ben Bajarin, CEO and Principal Analyst of Creative Strategies, for a call on the server CPU market.
In AI inference, the GPU does the “thinking” by generating tokens, while the CPU executes tasks including tool calls, code execution, retrieval and database interactions.
Thus, Agentic AI requires compute across the system, with CPU latency and task-completion speed increasingly important to GPU utilization and the end-user experience.
We model server CPU TAM growing from $61bn CY26E to $211bn in CY30E ($180bn to be AI-related). Anthropic/Akamai CPU infra deal further supports CPU importance in the agentic era.”
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