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Key Stats for AMD StockCurrent Price: $630. 63Target Price (Mid): ~$2,390Street Target: ~$619Potential Total Return: ~279%Annualized IRR: ~37% / yearWhat Happened?Advanced Micro Devices (AMD) got a $100 target raise from Bank of America on September 24, and this time the case centered on server CPUs.
During an interview with CNBC, Su said AMD's data center business is on track to grow well over 100% by 2027 as hyperscale and enterprise customers plan AI infrastructure investments further in advance.