Overview
- The stock jumped more than 3% in Monday premarket trading to about $534 following fresh price‑target boosts from Goldman Sachs and other firms.
- Goldman raised its target to $640 and Cantor Fitzgerald set the most bullish forecast at $700, joining UBS and Wells Fargo in materially higher valuations.
- AMD’s data‑center revenue climbed 57% year over year to $5.8 billion as the company ramps EPYC Venice processors and signs large AI deployments such as Rackspace’s 30 MW plan.
- AMD Ventures joined a $79 million funding round for Japanese autonomous‑driving startup Turing, which uses roughly 10% AMD GPU training capacity.
- Analysts warn of risks from high valuation, recent insider selling, and supply constraints for chips and memory, and they point to the August 4 earnings print — expected at $1.55 EPS on $11.28 billion revenue — as the next market test.