Piper Sandler Maintains Overweight on Advanced Micro Devices (AMD), Raises PT

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7 hours ago

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 AI stocks that Jim Cramer and analysts are watching. On June 16, Piper Sandler raised its price target on AMD to $140 from $125 and kept an Overweight rating. The firm noted that AMD held its quarterly pre-quarter close call on Friday.
Piper expressed a positive view on recent product announcements, especially the Helios rack, which it believes is important for AMD Instinct growth. The firm expects a recovery in the GPU business in the fourth quarter of 2025, once most China-related charges have passed. It also observed that the client segment, the largest business unit, is beginning to experience some pull-ins.
On June 13, as per TipRanks, BofA maintained a Buy rating on AMD shares and a $130 price target. Following the Advancing AI Event in San Jose, where the company presented updates on its end-to-end AI infrastructure platform, BofA analyst Vivek Arya noted that 'investor expectations might have been high.'
He stated that the event demonstrated AMD's continued progress in its AI roadmap, expansion across customers and partners, and development in software. The company emphasized existing partnerships with Meta, Oracle, Microsoft, xAI, OpenAI, and Humain in Saudi Arabia. No new hyperscaler customer was formally announced. The analyst mentioned a possible engagement with Amazon's AWS, which sponsored the event, though noted that AWS typically reserves announcements for its own forums.
A close up of a complex looking PCB board with several intergrated semiconductor parts.
Lastly, on June 9, admitting that he has 'always liked' the company, Cramer said:
'So traders say if I can't make money after Broadcom reporting a great quarter, the playbook says time to move into the lower quality, cheaper stocks that are less likely to disappoint or should never have been down to begin with. I understand the sentiment, but the problem is that these stocks have already rallied pretty hard, too…I saw some upgrades for AMD…. They've moved, especially AMD by the way, on speculation it might be involved with any China deal. Rare earth materials for us, AMD chips for them.
Advanced Micro Devices (NASDAQ:AMD) designs and supplies semiconductor products, including AI accelerators, GPUs, x86 microprocessors, and adaptive system-on-chip solutions. The company provides compute infrastructure for hyperscale environments and supports artificial intelligence workloads through its hardware and development platforms.
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Disclosure: None.