AMD
Beijing meets Wall Street
AMD had a pretty busy Monday: CEO Lisa Su met with China’s Vice Premier He Lifeng in Beijing, where she said the company wants to keep expanding in China and keep investing there. That matters because China is still a huge market for chipmakers, and any sign of smoother U.S.-China trade vibes can make investors breathe a little easier.
Citi just moved the goalposts
The bigger stock-moving headline, though, was Citi’s fresh dose of optimism. Analyst Atif Malik bumped AMD’s price target to $460 from $358, arguing that long-term server CPU demand could get a serious turbo boost from agentic AI applications.
Citi’s new model is basically saying the CPU market may go from a respectable-looking $29.3 billion in 2025 to a much juicier $131.5 billion by 2030. In other words: if AI agents keep multiplying like rabbits with data centers, AMD wants a bigger slice of the pie.
Why investors should care
AMD shares were still down on the day, which is a reminder that a hotter price target doesn’t magically erase valuation anxiety. But it does reinforce the core bull case: investors are paying up because they think AMD can ride AI demand beyond just GPUs and into the server CPU layer too.
Big picture: AMD keeps looking less like a “maybe someday” AI story and more like a “show me the next quarter” contender. That’s a much more interesting problem to have.