Jan. 26 at 8:24 PM
Piper Sandler raised its price target on Advanced Micro Devices to
$300 from
$280 and reaffirmed an Overweight rating, citing strong prospects heading into 2026. The firm expects AMD to announce additional customers for its AI GPUs, particularly as its partnership with OpenAI begins to ramp later in 2026, and to continue gaining market share in server processors.
The analyst also highlighted AMD’s positioning in the fast-evolving AI data-center market, which is shifting toward full rack-scale solutions. AMD’s acquisition of ZT Systems strengthens its capabilities in designing integrated AI servers, an area pioneered by Nvidia. While the stock dipped in recent trading, Piper Sandler believes AMD’s fundamentals and growth drivers should become more visible by mid-2026 as its Helios rack platform and OpenAI contract scale.
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