Goldman Sachs Sharply Raises AMD Price Target as Lisa Su Backs Trump Accounts at White House

Advanced Micro Devices (AMD) is a major global supplier of CPUs and AI accelerators, and demand for computing is rising as agentic AI advances and data centers expand. Separately, the US government launched the Trump Accounts children’s savings program on July 4, aiming to combine corporate funding with efforts to invest in the next generation. Michael and Susan Dell have pledged more than $6 billion, drawing attention to the technology industry’s participation.

On the evening of July 5, Goldman Sachs analyst James Schneider sharply raised his 12-month price target for AMD to $640 from $450 while maintaining a Buy rating, implying another 16% of upside. AMD surged 6.61% on July 6 to close at $552.05. The same day, CEO Lisa Su appeared at the White House to support Trump Accounts. The company is also scheduled to hold its Advancing AI conference on July 22–23.