AMD Just Got a Potential AI Heavyweight Customer. Here’s The New Price Target

3 weeks ago 12

Vandita Jadeja

Mon, July 20, 2026 astatine 8:30 AM CDT 4 min read

Quick Read

AMD carries a BUY people of $563, with Anthropic perchance joining Microsoft, OpenAI, Meta, and Oracle arsenic confirmed GPU customers.
NVIDIA dominates with 92% Data Center maturation and a P/E of 41, portion Intel's $4 cardinal restructuring leaves AMD's GPU momentum unchallenged.
AMD's trailing P/E of 186 leaves shares exposed if the July 22 lawsuit disappoints oregon China export controls tighten further.
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The AI infrastructure onshore drawback has a caller imaginable domino. Jefferies analysts flagged Anthropic arsenic a apt adjacent AMD lawsuit announcement, with the chipmaker's Advancing AI 2026 lawsuit acceptable for July 22 to 23. That joins a lawsuit roster speechmaking similar a who's who of AI, forcing a caller look astatine wherever the banal tin go.

Our 24/7 Wall St. terms people for AMD (NASDAQ:AMD) is $562.88, pointing to 13.54% upside from the existent $495.76. The proposal is buy, with assurance astatine 90%.

24/7 Wall St. Price Target Summary

A Rally That Just Paused

AMD is up 131.49% twelvemonth to day and 209.06% implicit the past year, but shares person cooled 11.14% successful the past week aft touching a 52-week precocious of $584.73.

Q1 2026 delivered: gross of $10.25 billion, up 37.9% twelvemonth implicit year, with non-GAAP EPS of $1.37 beating the $1.29 consensus. Data Center gross jumped 57% to $5.78 billion, and absorption guided Q2 gross to astir $11.2 billion, oregon astir 46% growth. The July 22 lawsuit has retail excited: Reddit sentiment sits astatine bullish people of 72.

Why Bulls See a Breakout Ahead

The bull lawsuit rests connected lawsuit breadth. Microsoft is confirmed arsenic an MI400 bid customer, OpenAI has committed to 6 gigawatts of AMD GPUs, Meta is deploying up to 6 GW of Instinct GPUs starting with customized MI450-based silicon, and Oracle is gathering a 50,000-GPU Helios supercluster.

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Add Anthropic and AMD's estimation that its AI CPU addressable marketplace exceeds $200 cardinal starts to consciousness conservative. In the bull scenario, shares could scope $629.03 wrong 12 months, a 26.88% return. CEO Lisa Su reinforced that trajectory, noting "customer engagement astir MI450 Series and Helios is strengthening, with starring lawsuit forecasts exceeding our archetypal expectations."

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