01:15 PM EDT, 05/29/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target to $600 from $500, on a P/E of about 35x our 2028 EPS estimate, which is above its peers but below its historical forward averages. We see AMD closing the competitive gap with NVIDIA as it launches the MI450x Series in the second half of 2026, as it prepares to shift to rack-scale solutions, which offer data center server sales upside. We are also growing more optimistic about opportunities tied to CPU server demand, as we believe the rise of agentic AI shifts CPU-to-GPU ratios from traditional 1:4 or 1:8 in training toward 1:1 or higher in production deployments. Extending lead times and emerging industry-wide CPU shortage should support higher prices, and we see potential for 50%+ x86 server CPU market share over time. AMD's shift to large-scale rack-scale systems remains the biggest opportunity for the company in the coming years. Furthermore, we are encouraged by recent customer orders (Meta and Oracle), as we see a long tail opportunity over the next three to five years.