1 day ago
2
David Moadel
Wed, May 6, 2026 astatine 10:25 AM CDT 3 min read
Quick Read
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Advanced Micro Devices (AMD) reported Q1 FY2026 gross of $10.25B, up 38% YoY.
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Nine large Wall Street firms raised their AMD terms targets successful a coordinated action, with KeyBanc’s astir bullish telephone astatine $530, portion Bernstein and Seaport upgraded the banal outright, citing server CPU maturation of 50% YoY successful Q1 with 70% YoY expected successful Q2.
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Agentic AI workloads are doubling the server CPU marketplace accidental that Advanced Micro Devices competes for, with absorption forecasting full addressable marketplace enlargement to implicit $120B by 2030 astatine 35% yearly growth.
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The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and AMD wasn't 1 of them. Get them present FREE.
Wall Street unleashed 1 of the astir assertive coordinated terms people hikes of the twelvemonth connected Advanced Micro Devices (NASDAQ:AMD) pursuing its blowout Q1 FY2026 report. Two firms upgraded AMD banal outright (Bernstein and Seaport), portion 7 others lifted terms targets, with the astir bullish telephone landing astatine $530 from KeyBanc.
AMD banal surged 17% connected May 6 to $416, with the one-month rally extending to 89%. The unifying thesis from Wall Street: agentic AI workloads are doubling the server CPU accidental AMD competes for.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and AMD wasn't 1 of them. Get them present FREE.
| AMD | KeyBanc | PT Raise | Overweight | Overweight | $330 | $530 |
| AMD | Bernstein | Upgrade | Market Perform | Outperform | $265 | $525 |
| AMD | Cantor Fitzgerald | PT Raise | Overweight | Overweight | $450 | $500 |
| AMD | Barclays | PT Raise | Overweight | Overweight | $300 | $500 |
| AMD | Bank of America | PT Raise | Buy | Buy | $310 | $450 |
| AMD | Stifel | PT Raise | Buy | Buy | $320 | $450 |
| AMD | Seaport | Upgrade | Neutral | Buy | n/a | $430 |
| AMD | Jefferies | PT Raise | Buy | Buy | $300 | $415 |
| AMD | Morgan Stanley | PT Raise | Equal Weight | Equal Weight | $360 | $410 |
The Analyst's Case
The ascendant communicative for Advanced Micro Devices is server CPU acceleration. Stifel and Jefferies some flagged management's doubled full addressable marketplace forecast to implicit $120 cardinal by 2030, implying 35% yearly maturation connected agentic AI tailwinds. KeyBanc cited server CPU maturation of 50% twelvemonth implicit twelvemonth (YoY) successful Q1, with 70% YoY expected successful Q2 FY2026.
Bernstein's upgrade sees implicit $14 EPS successful 2027 and approaching $20 successful 2028 if the AI roar continues. Bank of America highlighted AMD's 6% stock wrong a $1.5 trillion 2030 market, with gigawatt-scale lawsuit wins perchance extending beyond OpenAI and Meta Platforms (NASDAQ:META).
Company Snapshot
Advanced Micro Devices posted gross of $10.25 billion, up 38% YoY, with non-GAAP EPS of $1.37. The Data Center conception deed $5.78 billion, up 57% YoY, becoming the superior maturation engine.
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