$AMD price target raised to $800 from $575 at Citi
Citi raised the firm's price target on AMD to $800 from $575 and keeps a Buy rating on the shares.
The firm upped its central processing unit total addressable market in 2030 to $300B following the launch of several personal AI agents.
The agents, which are always on, can drive a big increase in inference related compute, memory, and networking consumption, the analyst tells investors in a research note.
Citi views AMD as one of the primary benefits of increased CPU usage since Meta, which recently launched Muse, is one of its largest customers.
Citi raised the firm's price target on AMD to $800 from $575 and keeps a Buy rating on the shares.
The firm upped its central processing unit total addressable market in 2030 to $300B following the launch of several personal AI agents.
The agents, which are always on, can drive a big increase in inference related compute, memory, and networking consumption, the analyst tells investors in a research note.
Citi views AMD as one of the primary benefits of increased CPU usage since Meta, which recently launched Muse, is one of its largest customers.