HSBC increased its price target for Advanced Micro Devices (AMD) to $335 from $300. This revision signals a bullish outlook on the company's stock.
The analyst upgrade reflects positive expectations for performance and future growth. Growth is specifically anticipated in the AI and data center markets.
Investors and analysts await AMD's fourth-quarter earnings report. AMD schedules the report for release tomorrow, February 3, 2026, after the market closes.
The timing of the price target increase, just one day before the announcement, contributed to investor discussions. The market's broader reaction will likely remain reserved as participants await the actual financial results and the company's forward-looking guidance.
The upcoming report is expected to provide concrete details on demand for AMD’s AI chips. It will also detail AMD’s market share position against competitors.