Mizuho raises AMD price target to $615 from $515, citing strong demand for agentic AI and expected supply constraints through 2027

On June 1, Mizuho raised its price recommendation on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $515, maintaining an Outperform rating. The firm increased price targets across the semiconductor group.

Mizuho said demand for agentic AI (self-directed AI systems) remains strong throughout the CPU ecosystem, with suppliers expected to remain supply-constrained through 2027. The analyst noted that memory and CPU supply constraints could limit further upside in the second half of 2026.

On June 8, AMD announced plans to invest up to £2bn in the United Kingdom over the next five years to accelerate AI innovation and research, with the goal of expanding access to computing resources for economic growth and scientific leadership.