Goldman Sachs Lifts AMD Price Target to $640 From $450, Cites 'Agentic AI' CPU Demand
- Goldman raised its 12-month AMD price target to $640 from $450 while keeping a Buy rating in a note dated July 6, 2026, pointing to server-CPU demand from "agentic AI" workloads (WSJ, BusinessWire).
- The call comes ahead of AMD's earnings cycle and is the most aggressive Street PT, framing AMD as a primary beneficiary of inference/data-center build-outs alongside Nvidia.
- AMD shares rallied on the upgrade, helping power the Dow's first close above 53,000 and a chip-led Nasdaq rebound noted in ID 166.