TLDR
- Piper Sandler raised AMD’s price target to $140 from $125 with an “Overweight” rating
- Cathie Wood’s ARK Invest purchased 247,753 AMD shares worth $31.4 million on June 20
- AMD’s new Helios rack system and MI350 AI chips are driving analyst optimism
- The company’s client business shows improvement with customers ordering earlier than expected
- Wall Street consensus rating is “Moderate Buy” with average price target of $129.93
Advanced Micro Devices is attracting serious attention from both institutional investors and Wall Street analysts. The semiconductor company has become a focal point for AI investment strategies.
Piper Sandler analyst Harsh Kumar recently boosted AMD’s price target to $140 from $125. The firm maintained its “Overweight” rating on the stock.
The price target increase reflects growing confidence in AMD’s graphics processing unit segment. Kumar cited the company’s ability to deliver strong results as a key factor.
AMD’s latest product launches are generating excitement among analysts. The new Helios rack system stands out as a potential growth driver.
Piper Sandler believes the Helios system could accelerate AMD’s Instinct AI accelerator business. This comes after AMD revealed its new MI350 AI chips and previewed the upcoming MI400 series.
The company’s client business segment is showing encouraging signs. This represents AMD’s biggest revenue generator.
Kumar noted that AMD is experiencing “pull-ins” from customers. This means clients are placing orders earlier than originally planned.
Institutional Interest Grows
Cathie Wood’s ARK Invest made a substantial move on June 20. The firm purchased 247,753 AMD shares across three ETFs.
The purchase totaled approximately $31.4 million. ARK bought through its Innovation ETF, Next Generation Internet ETF, and Fintech Innovation ETF.
This transaction demonstrates ARK’s continued bullish stance on AMD. The firm maintains its focus on disruptive technology companies.
Wood’s investment strategy emphasizes AI and chipmaker stocks. AMD fits perfectly into this investment thesis.
Market Outlook
Wall Street analysts maintain a “Moderate Buy” consensus on AMD. The rating comes from 22 Buy recommendations and 11 Hold ratings.
The average price target sits at $129.93. This implies modest upside potential from current trading levels.
AMD stock has gained 6.17% year-to-date. The performance reflects growing investor confidence in the company’s AI strategy.
Kumar expects AMD’s GPU business to recover by Q4 2025. This timeline depends on resolving China-related business issues.
The analyst believes AMD can maintain its competitive position. The semiconductor market remains highly competitive with rapid technological changes.
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