Wall Street Splits on AMD: BofA Hikes Price Target to $500, Daiwa Downgrades on Valuation

2 weeks ago 18

David Moadel

Wed, May 13, 2026 astatine 10:21 AM CDT 3 min read

Quick Read

Bank of America raised its Advanced Micro Devices (AMD) banal terms people to $500 and maintained a Buy rating, citing a $1.7 trillion AI information halfway accidental by 2030 driven by EPYC processor and MI accelerator gains.
Daiwa downgraded AMD to Outperform contempt raising its people to $500, citing a 150% 60-day rally that stretched the banal to 154x trailing P/E.
Advanced Micro Devices’ almighty AI infrastructure fundamentals are colliding with utmost valuation levels aft a 109% year-to-date rally, prompting Daiwa to advocator for consolidation earlier further gains contempt bullish semipermanent prospects.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and AMD wasn't 1 of them. Get them present FREE.

The Wall Street statement implicit Advanced Micro Devices (NASDAQ:AMD) crystallized connected May 13, 2026, erstwhile 2 large firms reached other conclusions connected the aforesaid stock. Bank of America's (NYSE:BAC) Vivek Arya raised his terms people to $500 from $450 portion reiterating a Buy rating, portion Daiwa downgraded AMD banal to Outperform from Buy, adjacent arsenic it raised its terms people to $500 from $250. The divided captures the cardinal hostility successful AMD banal close now: a almighty AI cardinal communicative colliding with a parabolic terms move.

Notably, some firms arrived astatine the aforesaid destination. The disagreement centers connected way and timing alternatively than the eventual destination for AMD shares.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and AMD wasn't 1 of them. Get them present FREE.

Ticker

Company

Firm

Action

Old Rating

New Rating

Old Target

New Target

AMD	Advanced Micro Devices	Bank of America	Price people raise	Buy	Buy	$450	$500
AMD	Advanced Micro Devices	Daiwa	Downgrade	Buy	Outperform	$250	$500

The Analyst's Case

Bank of America's terms people rise is anchored successful a sector-wide $1.7 trillion AI information halfway full addressable marketplace upgrade by 2030, which expands Advanced Micro Devices' addressable accidental successful server CPUs and AI accelerators. Arya sees continued stock gains for EPYC processors and the MI accelerator household fueling that thesis.

Daiwa's downgrade is purely valuation-driven. The steadfast called Advanced Micro Devices' Q1 FY2026 results and Q2 FY2026 outlook "very good" but flagged that AMD shares are up 150% implicit the past 60 days, with aggregate caller people hikes from KeyBanc, Bernstein, and Mizuho already successful the mix.

Company Snapshot

Advanced Micro Devices, led by CEO Lisa Su, carries a marketplace capitalization of astir $748.1 billion. The Q1 FY2026 study delivered gross of $10.253 billion, up 38% twelvemonth implicit twelvemonth (YoY), with Data Center gross of $5.775 billion, up 57% YoY.

Read Entire Article