Raymond James analyst Simon Leopold just lifted his price target on Advanced Micro Devices (AMD) from $565 to $641 — implying roughly a 33% upside from current levels — and he’s backing the move with a notable 60% success rate on past calls. Leopold’s bold call goes further: he expects AMD to overtake Intel in the x86 space by 2027. “AMD’s growth should enable it to overtake Intel during 2027,” he said, pointing to the company’s momentum in datacenter chips and market-share gains. Why Wall Street is bullish - The AI boom has turbocharged demand for high-performance chips, sending valuations for major semiconductor makers higher and fueling some of AMD’s biggest rallies over the past year. - AMD has posted record revenue, and Leopold highlights its “strongest combination of direct earnings leverage, datacenter positioning, and market-share gains” as the backbone of his thesis. How other firms are sizing up AMD - Bernstein raised its target from $525 to $650. - DBS lifted its target from $500 to $570. - Morgan Stanley nudged its target from $410 to $465 (a figure the original report notes is modestly below current price levels). Market-share dynamics backing the claim A recent Mercury Research report shows AMD’s share of the x86 CPU market has crossed 30%, while Intel’s share has slipped to 69.7% — Intel’s lowest level since 1995. That secular shift lends credence to forecasts that AMD could close the gap on Intel over the coming years. Product catalysts to watch - AMD’s Helios rack-based offerings are expected to start contributing meaningfully to revenue by Q4, and analysts say a strong Helios ramp could push AMD’s stock above the $600 mark by 2027. - Continued datacenter wins and AI-driven demand are the primary upside drivers cited by analysts. What this means for crypto-focused investors Chipmakers like AMD influence more than enterprise AI — GPUs and accelerators are central to crypto mining and to the infrastructure supporting AI-driven blockchain applications. So shifts in GPU/datacenter market share and supply can ripple into the broader crypto hardware and services ecosystem. Bottom line: Multiple Wall Street firms are raising targets on AMD as AI tailwinds, datacenter gains, and product ramps (notably Helios) converge. Mercury Research’s market-share data and Leopold’s track record add weight to the view that AMD could challenge Intel’s long-standing dominance by 2027 — and potentially push AMD’s stock north of $600 if execution continues.
Raymond James Raises AMD Price Target to $641, Predicts Overtaking Intel by 2027
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Summary
Raymond James analyst Simon Leopold raised AMD’s price target to $641, a 33% upside, as altcoins to watch gain traction. AMD could surpass Intel in the x86 market by 2027, with datacenter growth and 30% CPU share driving momentum. Bernstein and DBS also raised targets. New products like Helios are key catalysts. The shift may influence crypto price dynamics and hardware demand.
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