Advanced Micro Devices Target Raised to $300 by Bank of America Analyst

Bank of America analyst Vivek Arya lifted his price target for Advanced Micro Devices (AMD, Financials) to $300 from $250, maintaining a Buy rating after the company's announcements at the 2025 Open Compute Project Global Summit.

Arya said AMD's new MI450 Helios rack-scale AI platform gives the chipmaker greater visibility into deployment and production timelines across key enterprise clients, strengthening its position in high-performance computing and artificial intelligence training markets currently led by Nvidia.

The Helios platform, expected to launch in the second half of 2026, is backed by major industry customers including Oracle, Meta Platforms, and OpenAI. Arya projects AMD could secure up to 50% of OpenAI's planned 6-gigawatt GPU rollout over four years, generating an estimated $1.4 billion in 2026 and $9.7 billion in 2027.

The analyst forecasts potential earnings per share between $10 and $11 by 2027 if the full contract materializes. He added that AMD's technology now underpins multiple open-standard AI networking ecosystems, supporting interoperability across CPUs, accelerators, and network components.

Arya also noted that AMD continues to gain share in both PC and server CPU markets against Intel, whose manufacturing delays have limited competitiveness versus AMD and ARM-based designs built on TSMC's latest nodes.

According to TipRanks data, AMD holds a Strong Buy consensus based on 29 Buy and 10 Hold ratings. The average price target of $249.92 implies about 7% upside from recent levels. AMD shares have risen roughly 93% year-to-date.