Citi Bump Sends AMD Up as Meta AI GPU Contract Draws Eyes
AMD surged 4.7% to $511.57 after Citi upgraded the stock to Buy and raised its price target to $575, citing AMD’s growing role as a second source in AI GPUs and Meta’s planned deployment of AMD Instinct chips; the next key catalyst is the Advancing AI 2026 event on July 22–23, with investors watching for proof of Q2 growth and Meta-linked GPU demand.