AMD: Citi raises to $800, new street high
+ Citi analyst Atif Malik raised AMD $575 to $800 on Oct 6, keeping a Buy rating. TipRanks shows 26.63% upside off the $631.75 close.
+ Mizuho (Vijay Rakesh) raised AMD $580 to $705, and Stifel moved $635 to $700. The agentic AI CPU thesis is catching fire across the street.
+ Citi's argument: personal AI agents like Meta Muse run continuously and could drive far more compute than chatbots. Citi sees the CPU market growing from $29B in 2025 to $300B in 2030, about 60% CAGR, with AMD as the primary winner. Lisa Su also signaled a substantial 2027 supply increase.
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