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 comes as institutional sentiment appears to be stabilizing around the company's valuation ahead of a critical earnings report.
The positive revision from the Swiss bank adds to a week of constructive analyst activity surrounding the semiconductor sector.