# Bank of America raises AMD price target on Anthropic-Akamai CPU deal

Digest AI · Business & Funding · published 2026-09-25T05:44:00Z

Canonical: https://digestai.news/story/bank-of-america-raises-amd-price-target-on-anthropic-akamai-cpu-deal

## Summary

Bank of America raised its price target for AMD stock to **$720** from **$620**, citing the **$11.6 billion AI cloud deal** between **Anthropic** and **Akamai (AKAM)** as a boost for server CPUs in the agentic AI era. The firm expects the server CPU market to grow from **$61 billion in 2026** to **$211 billion by 2030**, driven by increased compute demand from AI agents. AMD shares surged **1.8%** in pre-market trade, reaching a record high above **$629**, while AKAM stock jumped nearly **20%** after the deal announcement.

BofA also adjusted its earnings estimates for AMD by **2% for 2027** and **3% for 2028**, attributing the shift to broader AI-driven infrastructure demand. AMD’s market cap crossed **$1 trillion** earlier this week, reflecting rising investor confidence in AI-driven chip demand. The firm notes that AI agents like **Meta’s Muse** require compute across broader systems, benefiting CPU makers like AMD, Intel, and Arm Holdings.

## Key points

- Bank of America raised AMD’s price target to **$720** from **$620** due to Anthropic-Akamai deal
- Server CPU market projected to grow from **$61B in 2026** to **$211B by 2030**
- AMD stock hit record high above **$629**, AKAM jumped nearly **20%** after deal

## Why it matters

The deal signals growing CPU demand in AI agent workloads, benefiting AMD and competitors in a rapidly expanding market.

## Sources

1. [AMD Stock Gets A Price Target Hike With Anthropic-Akamai Deal Strengthening CPU Case In Agentic AI, BofA Says](https://finance.yahoo.com/markets/stocks/articles/amd-stock-gets-price-target-124417243.html) (finance.yahoo.com, 2026-09-25)

## Cite

Digest AI, "Bank of America raises AMD price target on Anthropic-Akamai CPU deal", 25 September 2026, https://digestai.news/story/bank-of-america-raises-amd-price-target-on-anthropic-akamai-cpu-deal

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