ATLAS News · Technology

BofA Raises AMD Price Target to $700, Cites Agentic AI Server CPU Demand

Published November 13, 2026 · 5 sources

Bank of America lifted its AMD price target from $650 to $700 and kept a Buy rating, saying agentic AI should expand server CPU demand, per TradingKey.

What happened

Bank of America raised its price target on Advanced Micro Devices (AMD) from $650 to $700 and kept its Buy rating, according to TradingKey. The bank continues to name AMD its top pick in the server CPU space.

TradingKey reports that the bank expects agentic AI to expand CPU demand, and that AMD's product and supply advantages are positioned to support growth in both revenue and market share. MarketScreener also describes AMD as well positioned as agentic AI drives growth in the server CPU market.

TradingKey adds that AMD shares fell more than 10% at one point on November 13 after an approximately 44% rebound. MarketBeat and Yahoo Finance also published items on the stock's decline that day.

Context

Agentic AI refers to AI systems that carry out tasks with some autonomy, and analysts have debated how such workloads could affect demand for server processors.

Why it matters

Analyst views on server CPU demand can shape how investors assess AMD's growth outlook, though the stock's moves that day reflect more than a single research note.

Stocks in this story

Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.

Advanced Micro DevicesAMD

−10.64%

Technology · NASDAQ

Live price

$523.05▼ -10.64%

live price · USD

Latest price during the session: $523.05−10.64% vs. previous close ($585.33)
Chance of a rise in 1 month: 44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $425.00 and $599.39; 9 in 10, between $313.35 and $812.97.

See the full ATLAS analysis of Advanced Micro Devices →

Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.

Sources

ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.

Advanced Micro Devices Well Positioned as Agentic AI Drives Server CPU Market Growth, BofA Says · marketscreener.com · November 13, 2026
AMD Stock Price Forecast: BofA Sees Agentic AI Driving Server CPU Growth, Shares Could Reach $600 · TradingKey · November 13, 2026
Advanced Micro Devices (NASDAQ:AMD) Shares Down 8.1% - Here's What Happened · MarketBeat · November 13, 2026
Why Advanced Micro Devices Stock Is Down Today · Yahoo Finance · November 13, 2026
AMD or Intel: 1 Chip Stock Is the Clear Winner · AOL.com · November 13, 2026

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