Susquehanna analyst Christopher Rolland reiterated a Buy rating for Advanced Micro Devices. Rolland increased the price target to $375 from $300.
Accelerating momentum in data center and AI GPU segments drove the revision. Strong server CPU demand continues to support growth through AI-related deployments. Rolland projects the MI350 and upcoming MI450 chips will fuel significant revenue through 2026.
This forecast persists despite mixed sentiment and profit-taking. The outlook counters concerns regarding a potential AI infrastructure spending slowdown. Susquehanna expects major customers to ramp up AMD accelerator deployments through 2026 and beyond.