AMD Gains Market Share As 'Agentic AI' Fuels Surprise Surge In Chip Demand

The bank maintained a Neutral rating but cut its price target and adopted a sum-of-the-parts valuation. It also slightly raised its 2026 EPS forecast, citing stronger CPU demand tied to AI—positive for estimates but modest in magnitude and unlikely to be materially market-moving on its own.

Analysis

The bank maintained a Neutral rating but cut its price target and adopted a sum-of-the-parts valuation. It also slightly raised its 2026 EPS forecast, citing stronger CPU demand tied to AI—positive for estimates but modest in magnitude and unlikely to be materially market-moving on its own.