AMD: $600 Bullseye

Advanced Micro Devices (AMD.OQ) has surged to record highs driven by major AI GPU deals with OpenAI and Meta, with AI accelerator demand cited as the primary bull thesis. The author highlights rising CPU demand and price increases as additional upside drivers and notes an analyst’s aggressive 2027 forecast — $76.7B revenue and $13.23 EPS — plus a $600 price target. While the stock currently trades on baseline financial targets, the piece argues the business likely has more upside than current consensus implies, supporting continued bullish investor positioning and further multiple expansion potential.