Wall Street analysts are growing increasingly bullish on AMD’s stock price target. Benchmark increased their stock price target for AMD from $485 to $685. Meanwhile, Jefferies have increased their estimates from $515 to $640. The latest stock price target increase comes after the chip manufacturer revealed its new AI chips that can potentially outperform what Nvidia offers. Let’s discuss.
Can AMD Deliver On Its Increased Stock Price Target?
AMD recently revealed a host of new products at Advancing AI 2026. The company claims that many of its new products can even outperform Nvidia. According to AMD’s estimates, the company could reach a TAM (Total Addressable Market) of $2 trillion in 2030.
Clients such as Anthropic, OpenAI, Meta, Cerebras, AT&T and Cisco also highlighted their partnerships with AMD. The collaborations aim to advance AI infrastructure, enterprise capabilities and edge AI.
AMD CEO Dr. Lisa Su stated, “The next phase of AI will span frontier models, agents and physical AI, creating new opportunities to bring intelligence everywhere. Realizing that potential will take the entire industry working together. AMD is partnering across the ecosystem to deliver leadership compute and open platforms that give customers the performance, flexibility and choice to scale AI from the data center to the edge.”
Also Read: AMD Stock Hits All-Time High After Multi-Billion Anthropic Deal
AMD is also expected to make massive gains with agentic AI. Agentic AI relies more on CPU (Central Processing Unit) computing power unlike generative AI, which relies on GPUs (Graphics Processing Unit). Given the bullish developments around the company, there is a high chance that AMD could deliver on Wall Street’s estimates. The company will release its quarterly earnings report on August 4, 2026. Analysts may continue to increase their stock price target with the anticipation of record revenue generation. AMD’s stock could potentially climb to a new peak if it maintains its current trajectory.