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AMD’s AI Surge Despite Stock Dip | Durham News
AMD’s stock may have dipped after earnings, but Wall Street’s top analyst Harlan Sur from JPMorgan just raised his price target to $550 — a major vote of confidence. Though he keeps his rating neutral, Sur highlights AMD’s AI momentum: their Instinct accelerators rival Nvidia, and Epyc processors power cloud giants. Despite slightly lowered guidance, the company’s data center business is poised to outpace the entire AI infrastructure market by 2027, matching CEO Lisa Su’s forecast of more than doubling revenue. With AI agents fueling CPU demand and massive three-year growth already in play…
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