Mizuho Raises AMD Target, Citing Continued AI Infrastructure Growth

Advanced Micro Devices, Inc. (NASDAQ:AMD) is included among the Billionaire Ken Fisher’s Top 11 Dividend Stock Picks.

Mizuho Raises AMD Target, Citing Continued AI Infrastructure Growth

On June 1, Mizuho raised its price recommendation on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $515. It reiterated an Outperform rating on the shares. The firm increased price targets across the semiconductor group, saying demand for agentic AI remains strong throughout the CPU ecosystem. According to the analyst, suppliers are expected to remain supply-constrained through 2027, a situation that points to potential upside in servers. Mizuho believes agentic AI will continue to push demand higher. At the same time, the firm noted that memory and CPU supply constraints could limit further upside in the second half of 2026.

On June 8, AMD announced plans to invest up to £2bn in the United Kingdom over the next five years. The investment is intended to accelerate AI innovation and research. It will also expand access to the computing resources needed to support long-term economic growth and scientific leadership across the country.

Speaking at London Tech Week, AMD Chair and CEO Dr. Lisa Su outlined a series of investments and strategic collaborations aimed at accelerating the UK’s AI ecosystem and widening access to the advanced computing that supports scientific discovery and public-sector innovation. The initiatives are aligned with the UK’s AI Opportunities Action Plan and AI Hardware Strategy. They support broader national efforts to build world-class AI infrastructure, develop technical talent, and speed up AI adoption.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing and artificial intelligence (AI). Its operating segments include Data Center, Client and Gaming, and Embedded.

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