Broker: iFAST Financial Pte Ltd
Date of Report: 19 May 2026
Ticker: NASDAQ: AMD
Excerpt from iFAST report.
Report Summary
- Actionable Call: BUY Advanced Micro Devices (AMD)
- Target Price: USD 564 (22% upside from current price of USD 461)
- Most Important Idea: AMD is positioned as a direct beneficiary of accelerating AI infrastructure demand, with validated large-scale deployments (Meta and OpenAI), and a doubling of its 2030 server CPU Total Addressable Market (TAM) to over \$120B.
- Thesis Highlights:
- Q1’26 results beat expectations across all key metrics, supporting upward EPS revisions and higher visibility for AI and server monetisation.
- AMD’s Data Centre segment is projected to deliver a multi-year growth trajectory, with key wins in AI accelerators (MI450/Helios) and server CPUs.
- Operating leverage and margin expansion are expected, with FY28E non-GAAP EPS forecast at \$18.81 (50% three-year CAGR from FY25).
- Risks include AI CAPEX moderation, pricing pressure from Nvidia, China export restrictions, and memory cost inflation; however, upside remains on faster AI ramp and possible easing of China restrictions.
- Actionable Insight: Investors with a long investment horizon can consider AMD for direct exposure to AI infrastructure growth. Tactical investors may accumulate in batches, using price dips as entry points.
above is an excerpt from a report by iFAST Financial Pte Ltd. Clients of iFAST can be the first to access the full report from the iFAST website : https://secure.fundsupermart.com/fsmone/
