Super Micro Computer Introduces DCBBS Blueprint for HPC with NVIDIA Vera Rubin NVL4

Citi analyst Atif Malik raised his price target on AMD to $800 from $575 on Tuesday, citing the release of Meta Muse and a subsequent raise to his CPU total addressable market model. Malik said AMD will be the primary beneficiary of the CPU renaissance and that Meta is one of the largest customers of AMD's server business, with the CPU TAM expanding from $29 billion in 2025 to $300 billion in 2030, a 60% CAGR, while Intel is seen as a secondary beneficiary. The call follows a run of bullish catalysts for AMD, including an agreement two weeks ago to acquire World Labs, a San Francisco-based AI model lab led by Dr. Fei-Fei Li, for $8.2 billion, a deal expected to close by the end of 2026. AMD beat Wall Street expectations across the board for the second quarter in early August, posting record non-GAAP earnings per share of $1.66 versus consensus estimates of $1.61, with total revenue up 50% year over year to a record $11.5 billion, clearing analyst projections of approximately $11.34 billion. The company's Data Center segment revenue more than doubled year over year to $6.7 billion, and AMD projected second-half 2026 server CPU revenue to grow 80% year over year and 70% in 2027, with data center revenue more than doubling in 2027 and AI GPU revenue growing well over 100%.