AMD Holds $455 ATH as Analysts Say Market Misprices Lisa Su's $120B AI CPU Outlook

AMD shares cling to $455 all-time high with $731B market cap, fueling $1T speculation as analysts on May 15 argue the market underprices CEO Lisa Su's comments on exploding server CPU demand from agentic AI. The surge began May 4 with Q1 blowout: revenue $10.3B (+38% YoY, beat), data-center $5.8B (+57%), adjusted EPS $1.37 (beat), record FCF $2.6B, and Q2 guide $11.2B ±$300M (+46% YoY). Management doubled 2030 server CPU TAM to $120B, touted Meta/OpenAI deals and Helios systems, sparking 26+ PT hikes to $600+ and sustained rally through May 15.