Public Event Detail
Citi Calls AMD a Rising Force in the GPU Market, Upgrades Shares to Buy
Public historical observation from the Merrowstone archive. This page shows event-level context only. Accepted assertions, evidence lineage, and relationship intelligence remain part of the premium research layer.
Event summary
Citi has upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Buy from Neutral, raising its price target to $575, citing the underappreciated upside potential of AMD's graphics processing unit (GPU) business. Analyst Atif Malik believes AMD is becoming a significant second source in the GPU market and is well-positioned to capitalize on opportunities with Meta. Concurrently, BofA also increased its price recommendation for AMD to $560, reiterating a Buy rating, based on an expanded forecast for the server CPU total addressable market driven by agentic AI.