DA Davidson Upgrades AMD to Buy at $375 PT as Shares Surge 15% to Record $351

Advanced Micro Devices Inc shares rocketed to a record high near $351, up 15% on the session, after D.A. Davidson upgraded to Buy with a $375 price target—28% above consensus. The call highlights Intel's blowout Q1 data-center revenue of $5.05B and EPS beat to $0.29, signaling structural CPU demand from agentic AI that boosts AMD's EPYC server gains. Starting from a $303.46 close, premarket gains topped 10% to $338.52, fueling bullish AI chip sentiment despite high valuations.