CLSA Hikes AMD Price Target to $710 Amid Bullish AI and Data Center Outlook

Key Facts

1CLSA raised its price target for AMD from $575 to $710 while maintaining an Outperform rating.

2AMD management projects its total addressable market could reach between $2 trillion and $3 trillion by 2030.

3The company indicated that data center revenue could approximately double to $70 billion by 2027.

Amid the accelerating race to build advanced computing infrastructure, CLSA has raised its price target for AMD from $575 to $710 while maintaining an 'Outperform' rating. This revision follows management's projection that the company's total addressable market could reach between $2 trillion and $3 trillion by 2030. According to reports, the company also indicated that data center revenue could approximately double to $70 billion by 2027, driven by robust demand for AI accelerators.

This optimistic outlook strengthens AMD's position against key competitors in the semiconductor sector, as the company challenges NVIDIA and Intel in the GPU and CPU markets. Per market data, NVDA closed at $225.73 and INTC stood at $104.47 as of September 8, 2026. AMD is betting on its next-generation MI450 accelerators to capture a larger share of the data center market over the next two years.

At the close of September 8, 2026, AMD shares stood at $505.74, having reached a day high of $512.36. Traders are monitoring the sustainability of this price momentum, especially with no major upcoming catalysts in the immediate economic calendar, focusing instead on the company's ability to execute its MI450 platform production ramp scheduled for later this year.