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AMD rises as Citi ups price target as firm sees CPU market hitting $300B by 2030
Seeking Alpha ·
Seeking Alpha reports: AMD shares rose 1.7% in premarket trading on Tuesday as Citi upped its price target on the stock to $800 from $575 as the investment firm said it now sees the CPU market hitting $300B by 2030. “We update our CPU model following the launch of several personal AI agents, including Muse, Dots, Instinct, GrokBot and GeminiSpark,” Citi analyst Atif Malik wrote in a note to clients. “Fundamentally, we view agentic AI as a potential orders-of-magnitude driver of compute…