Barclays Raises AMD Stock Price Target Amid Agentic AI Shift
On June 1, Barclays analyst Tom O’Malley raised his price target for Advanced Micro Devices (AMD) to $665 from $500 while maintaining an Overweight rating. The adjustment is based on increasing CPU demand driven by the evolution of agentic AI workloads, suggesting AMD may benefit more than previously anticipated.
Topics: AI AMD Barclays CPU demand Semiconductors