[BofA Raises AMD Price Target, Citing AI Server Demand Driving Growth Expectations] BlockBeats News, July 17, Bank of America analyst Vivek Arya raised AMD's price target, stating that strong AI server demand, increased EPYC processor market share, and improved supply visibility could drive the company to deliver better-than-expected performance once again. BofA raised AMD's price target from $550 to $620 and maintained a Buy rating. The firm believes AMD is not just a CPU recovery play but is evolving into a more comprehensive AI infrastructure provider. Its EPYC server CPUs, Instinct AI accelerators, and the upcoming MI455X Helios rack-scale solution could become the core drivers of the next phase of growth. Arya expects AMD's Q3 guidance to potentially include the initial shipments of the MI455X Helios and noted that if demand and supply execution proceed smoothly, the company's quarterly AI revenue could exceed $6 billion to $7 billion by the end of Q4. BofA also believes that agentic AI workloads will increase data center CPU demand, further expanding AMD's server CPU market opportunities.