AMD Shares Rise 3.6% After TD Cowen Reiterates Buy Rating and $675 Target

Advanced Micro Devices gained approximately 3.6% on Monday following bullish commentary from TD Cowen analyst Joshua Buchalter, who reiterated a Buy rating and a $675 price target. The rebound follows a 16% decline over the previous two weeks. TD Cowen highlighted accelerating demand for agentic artificial intelligence and production inference workloads, emphasizing CPU utilization in multi-step workflows. AMD recently doubled its estimated total addressable market to $220 billion and projected a 70% increase in data center CPU sales in 2027.