Jefferies Boosts Price Target for Advanced Micro Devices (NASDAQ: AMD) Amid Strong AI Outlook

• Jefferies analyst Blayne Curtis has raised the price target for Advanced Micro Devices (NASDAQ: AMD) to $640.00, suggesting a potential upside of 18.59% from its recent trading price.
• The semiconductor giant is aggressively expanding its artificial intelligence (AI) strategy, unveiling the new Helios AI rack system and a detailed AI roadmap for data centers, CPUs, and GPUs.
• Advanced Micro Devices projects the AI accelerator market to reach $1.4 trillion by 2030 and aims to secure over 50% of the CPU market share.

Jefferies analyst Blayne Curtis raises the price target for Advanced Micro Devices (NASDAQ: AMD) to $640.00 from a previous target of $515.00. Advanced Micro Devices is a global semiconductor company that designs and develops computer processors and related technologies. It is a major competitor to companies like Nvidia, especially in the growing artificial intelligence (AI) market.

The new price target suggests a potential upside of approximately 18.59% from the stock's trading price of $539.69 when the target was announced. This optimistic view follows AMD's recent "Advancing AI 2026" conference. At the event, the company shared its detailed AI roadmap for data centers, CPUs, and GPUs.

A key part of this strategy is the new Helios AI rack system. As highlighted by TechCrunch, AMD is directly challenging competitor Nvidia with this hardware. CEO Dr. Lisa Su calls it the industry’s “highest performance AI rack,” designed for the most demanding AI models. Key customers, including Microsoft, are already set to use the system.

This focus on AI is driven by a rapidly expanding market. AMD now projects the AI accelerator market will reach about $1.4 trillion by 2030. The company notes that AI workloads, particularly agentic AI, are increasing the demand for CPUs. Agentic AI requires more computing power to handle complex, multi-step tasks.

Beyond AI accelerators, AMD continues to focus on the CPU market. Dr. Su states the company is working to secure over 50% of the CPU market share. This goal is supported by increasing customer interest and the upcoming launch of its Venice CPU, as highlighted by MarketBeat.