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2026-07-15 20:26:11

[UBS Raises AMD Target Price to $700, Bullish on Customer Expansion and Business Growth] (1) UBS released a report maintaining its "Buy" rating on AMD and raising its 12-month target price from $670 to $700, representing an upside of about 28% from Tuesday's closing price. UBS believes AMD is poised to attract more customers and expand its chip business. (2) Analyst Timothy Arcuri points out that Amazon remains a key customer for the MI450x, and Anthropic may also join. Furthermore, AMD may collaborate with Cerebras Systems to develop fast inference solutions and may further expand its presence in the data center custom ASIC (Application-Specific Integrated Circuit) market. (3) Over the past three months, AMD's stock price has risen by 112%, demonstrating strong performance.

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