Analysts Raise AMD Targets Again as AI Demand Shows No Ceiling

AMD shares hover near record highs around $580 after a 150%+ YTD surge, with Wall Street repeatedly lifting price targets. The rally accelerated after Q1 results showed $10.25 billion revenue (+38% YoY) and data-center sales jumping 57% to $5.78 billion. In recent weeks Cantor Fitzgerald set the Street-high $700 target, UBS lifted to $670, Goldman Sachs to $640, and Stifel to $635, all citing insatiable AI infrastructure demand. The stock now sits roughly 11% from $1 trillion market-cap status ahead of its July 22-23 Advancing AI summit.