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Home Stock Ideas Long Ideas Tech Summary Advanced Micro Devices reached a $1 trillion valuation and hit the $600 price target, driven by major AI chip deals. AMD's AI GPU business is bolstered by contracts with OpenAI, Meta, and Anthropic, each committing to multi-billion dollar chip purchases, and further bolstered by the success of Muse. The AI data center accelerator TAM is projected to reach $1.4 trillion by decade-end, with total addressable market up to $2 trillion.
I maintain an ultra Bullish thesis, targeting $1,000 per share as AMD executes on $100 billion+ in additional AI sales and a $30+ EPS potential. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » Gizem Gecim/iStock via Getty Images Advanced Micro Devices, Inc. ( AMD ) just hit an initial price target, reaching a $1 trillion valuation in the process.
The AI chip company is on the verge of potentially massive growth boosted by the launch of 56.7K Followers Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha).
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