Why Nvidia rival AMD may see a 40% rip in its stock
Raymond James analyst Simon Leopold has upgraded AMD's stock rating to Strong Buy from Outperform, citing a potential 40% increase in stock price. Leopold believes AMD, known for its powerful AI chips, will play a crucial role in the agent-driven workforce. The analyst forecasts the server CPU market to grow at a 44% five-year compound annual growth rate, reaching $201 billion by 2030.
AMD's strong performance this summer, including record non-GAAP earnings per share and 50% year-over-year revenue growth, has fueled Leopold's bullish outlook. The chipmaker's Data Center segment, driving more than double the revenue in Q2 2026 compared to the previous year, and its upcoming Helios rack-scale AI systems powered by new AI chips, further bolster Leopold's confidence.
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