Advanced Micro Devices (AMD) CEO Lisa Su told CNBC on Wednesday that the company's massive forecast revision was driven by a surge in demand for central processing units (CPUs), particularly from the growth of agentic artificial intelligence.
UBS has raised its price target for Advanced Micro Devices (AMD), marking the only analyst upgrade for the chipmaker this week.
The move signals growing institutional confidence in AMD's ability to capitalize on the expanding artificial intelligence infrastructure market, particularly in the central processing unit (CPU) segment.
The price target increase comes shortly after AMD CEO Lisa Su attributed the company's recent forecast revisions to a significant surge in CPU demand.