DA Davidson raised AMD's rating to Buy from Neutral and increased price target to $375, up from $220.
Analyst Gil Luria cites a structural CPU demand surge and data‑center build‑out, expecting meaningful upside starting March quarter ahead of May 5 earnings.
Strong Intel results signal double‑digit industry growth through 2027 and a GPU‑to‑CPU ratio moving toward parity for agentic AI workloads.
DA Davidson lifted 2026 revenue estimate by $2 billion and gross profit by $1.5 billion, noting AMD can raise prices as demand outpaces supply.