AMD Stock: Analysts Turn Bullish Before Earnings – Here’s Why
The post AMD Stock: Analysts Turn Bullish Before Earnings – Here’s Why appeared on BitcoinEthereumNews.com.
TLDR AMD shares surged 7.7% Wednesday following positive analyst commentary on server chip demand Bernstein increased price target from $200 to $225, citing AI progress and server strength KeyBanc predicts Q4 earnings beat due to Turin CPU demand potentially exhausting 2026 supply Analysts forecast 30% growth in Epyc processor sales for 2026 OpenAI partnership expected to generate AI revenue starting second half of 2026 AMD stock jumped 7.7% Wednesday to close at $249.76 after analysts highlighted strong demand for the company’s server processors. Two separate Wall Street firms issued positive notes on the chipmaker’s prospects ahead of its Feb. 3 earnings report. Advanced Micro Devices, Inc., AMD Bernstein analyst Stacy Rasgon lifted his price target to $225 from $200. He kept a Market Perform rating on the shares. Rasgon cited AMD’s progress in artificial intelligence as a key factor. OpenAI is currently the only major announced customer for AMD’s Helios chips. The analyst expects the OpenAI ramp to begin later in 2026. This timeline reduces near-term pressure on AMD’s AI business. Rasgon sees AMD benefiting from server market strength and share gains. These factors could support the stock while larger AI deals develop. The stock trades at 35 times forward earnings. That valuation sits 10 turns above Nvidia, indicating investors already anticipate strong AI results. Supply Constraints Drive Pricing Power KeyBanc analyst John Vinh predicts AMD will exceed Wall Street estimates for the fourth quarter. His forecast centers on exceptional demand for Turin data center CPUs. Vinh believes AMD has nearly sold out its entire 2026 server CPU inventory. This supply shortage could enable price hikes of up to 15%. Major cloud providers are competing to lock in chip allocations. The competition gives AMD leverage to improve margins through higher prices. Some investors remain skeptical about AMD’s ability to challenge…
Filed under: News - @ January 22, 2026 3:29 pm