AMD: First AI Target Hit, Likely $1,000 Up Next

Stock Ideas Long Ideas Tech AMD: First AI Target Hit, Likely $1,000 Up Next Sep 26, 2026, 8:00 PM ET Advanced Micro Devices, Inc. (AMD) Stock 3 Comments 1 Like Summary Advanced Micro Devices reached a $1 trillion valuation and hit the $600 price target, driven by major AI chip deals. AMD's AI GPU business is bolstered by contracts with OpenAI, Meta, and Anthropic, each committing to multi-billion dollar chip purchases, and further bolstered by the success of Muse. The AI data center accelerator TAM is projected to reach $1.4 trillion by decade-end, with total addressable market up to $2 trillion. I maintain an ultra Bullish thesis, targeting $1,000 per share as AMD executes on $100 billion+ in additional AI sales and a $30+ EPS potential. This idea was discussed in more depth with members of my private investing community, Out Fox The Street.