Piper Sandler Raises AMD Price Target Amid Positive Product Outlook

SEATTLE, Washington — Piper Sandler raised its price target for Advanced Micro Devices, Inc. (NASDAQ: AMD) to $140 from $125 on June 16, maintaining an Overweight rating. The firm highlighted recent product announcements, particularly the Helios rack, which it sees as vital for AMD’s Instinct growth.

Piper Sandler noted expectations for a recovery in AMD’s GPU business by the fourth quarter of 2025, as the company works to overcome recent challenges related to China. The client segment, which is AMD’s largest business unit, is starting to show positive signs of activity.

On June 13, BofA also maintained a Buy rating on AMD with a price target of $130, following the Advancing AI Event in San Jose. Analyst Vivek Arya remarked that the event showcased AMD’s advancements in its AI infrastructure platform and reinforced partnerships with major companies like Meta and Microsoft.

Despite these optimistic projections, Arya cautioned that investor expectations may have been excessively high. Though the event demonstrated AMD’s strategic partnerships and software advancements, no new major customer announcements were made.

Jim Cramer expressed his long-standing support for AMD, acknowledging its potential despite a challenging market environment. He emphasized AMD’s speculative upside related to potential deals in China, linking the company’s semiconductor technologies to broader market dynamics.

AMD develops a range of semiconductor products, including AI accelerators and GPUs, which play a crucial role in hyperscale computing and AI workloads. As the demand for AI solutions continues to surge, AMD is positioned to capitalize on this trend, although some analysts suggest other AI stocks may offer greater upside potential.

With consecutive upgrades and a focus on innovation in AI technology, AMD remains a focal point in the semiconductor industry. Those intrigued by its stock performance will be watching closely for upcoming developments.