Citi says buy AMD because graphics chips are selling. The bank noticed AMD sells GPUs. Also CPUs. Both things computers need to function.
This counts as analysis in 2026.
Advanced Micro Devices manufactures semiconductors. Has for decades. Citi's crack research team determined this by presumably opening a laptop and looking inside. Revolutionary stuff. The bank thinks AMD's AI outlook is improving, which is what banks have said about every chip company every quarter since ChatGPT learned to write bad poetry.
The GPU business is stronger, says Citi. Demand for CPUs is increasing. These are the two main products AMD sells. Imagine if Ford's earnings got a boost from car sales. Someone alert the analysts.
Retail traders will read this headline and think they've stumbled onto insider information. They'll market-buy at 9:31 AM, watch the stock drop forty cents, then post on Reddit about manipulation. The Citi analyst who wrote this note makes more in a year than these traders will see in a decade, and he spent maybe eleven minutes on the AMD call before downgrading it in three months when GPU sales are merely good instead of very good.
The AI outlook is improving. That's the phrase that does the work here. Doesn't mean AMD will beat estimates. Doesn't mean the stock won't tank on earnings. Just means things look less shitty than before, which apparently justifies a buy rating and your hard-earned money.
But sure, wire Citi your life savings because they finally figured out what AMD manufactures.
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