Huo Xing Cai Jing reports that on July 24, Baird maintained its "Outperform" rating on AMD and raised its price target from $625 to $1,250, representing a 100% increase. This adjustment primarily reflects strong growth expectations for AMD’s AI GPU and AI CPU platforms. In its forecasting model, Baird assumes AMD will capture a 15% market share in AI GPUs and projects its AI GPU revenue to reach $147 billion by 2030. AMD previously estimated that the data center AI accelerator market will reach $1.4 trillion and the data center CPU market will reach $220 billion by 2030. AMD’s Helios rack-scale solution has entered full-scale mass production, and the Helios 500 has been unveiled ahead of schedule. Baird significantly raised its price target based on its preliminary earnings per share forecast for AMD in 2030.
Baird doubles AMD price target to $1,250, maintains 'Outperform' rating
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Summary
Baird raised AMD’s price target to $1,250, doubling its previous forecast of $625. The firm maintains its 'Outperform' rating, citing strong growth in AI GPUs and CPUs. AMD’s AI GPU business could generate $147 billion in revenue by 2030, with Baird projecting a 15% market share. The Helios 500 launched ahead of schedule, and full-scale production is now underway.
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