Citi Raises AMD Price Target to $800 on Meta AI Demand Surge

Citigroup has raised its price target for Advanced Micro Devices $AMD to $800, citing accelerating demand from Meta Platforms $META for artificial intelligence chips. The upgrade reflects Wall Street's growing confidence in AMD's data center business amid a hyperscaler-driven infrastructure build-out.

Multiple analysts across Marvell $MRVL and other semiconductor peers have similarly upgraded targets, with one strategist suggesting data center revenue could exceed $30 billion by 2028. The AI server market continues to outpace traditional expectations.

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