Citi upgrades AMD to Buy with a $575 price target, projecting the CPU market will grow from $29.3B to $131.5B by 2030 driven by agentic AI demand.

AMD stock continues to rally in premarket trading as Citi and BofA lift price targets on massive AI growth. Get the technical layout.

A Wall Street analyst on Friday upgraded AMD stock to buy from neutral, saying its GPU business is undervalued.

Citi upgrades AMD to Buy with a $575 price target, projecting the CPU market will grow from $29.3B to $131.5B by 2030 driven by agentic AI demand.