AMD shares climbed as Bernstein raised its price target to $265. Analysts highlighted a major AI deal with Meta that is not yet fully priced into the stock.
Wolfe Research increased its 2027 revenue forecast for AMD to $74 billion. This forecast stems from server GPU strength and Meta AI deployments.
AMD also secured a partnership with the French government to advance its national AI strategy. Bernstein projects EPYC server chip sales will grow 50% year-over-year in 2026.