Susquehanna Lifts AMD Price Target to $375 Ahead of Earnings on AI and Server Momentum

The upgrade signals rising bets that proof of an AI‑accelerator ramp plus EPYC share gains will show up in next week’s results.

Overview

Susquehanna, which raised its AMD target to $375 on Wednesday, pointed to faster server CPU share gains and a near‑term ramp of the MI350 AI accelerator.
Shares climbed about 3.6% after the call, with investors eyeing May 5 results versus Wall Street’s $1.29 EPS on $9.89 billion and AMD’s $9.8 billion revenue guide.
Rolland cites reported 6‑gigawatt hardware agreements with OpenAI and Meta, values each gigawatt near $15 billion, and expects first 1‑gigawatt deliveries in the second half of 2026.
Oracle plans a 50,000‑GPU Helios supercluster using future Instinct MI450 accelerators and EPYC Venice server chips, pointing to broader platform uptake later this year.
Views remain split as Northland recently cut AMD to Market Perform with a $260 target, while prediction market Polymarket puts the odds of a Q1 beat at 76%.