AMD surges to record highs on AI momentum. Advanced Micro Devices has reached new peaks following major chip supply agreements with OpenAI and Meta Platforms, driven by exceptional AI GPU demand. Beyond GPUs, the company is experiencing significant CPU demand growth alongside pricing power improvements. A leading analyst recently raised 2027 revenue and earnings per share targets substantially above consensus, projecting $76.7 billion in revenue and $13.23 in EPS, though these estimates may still underestimate the full market opportunity. The stock currently reflects baseline financial targets while the underlying business demonstrates considerable upside potential. AMD remains positioned toward the $600 price target as AI infrastructure spending continues accelerating across major technology companies.
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