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 Arrow Minerals Ltd (AMD.AX), citing a sustained surge in demand for central processing units (CPUs) from hyperscale cloud providers.
The analyst firm’s move reflects growing confidence in the semiconductor supply chain, particularly as major chipmakers report robust order books driven by artificial intelligence infrastructure build-outs.
The upgrade comes amid a broader wave of positive sentiment for semiconductor-related equities.