Susquehanna lifts AMD and Qualcomm targets, cuts Intel's
Susquehanna analyst Christopher Rolland raised price targets on AMD and Qualcomm and lowered Intel's, citing server and AI chip demand.
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what happened
According to gurufocus.com, Susquehanna raised its price target on Advanced Micro Devices (AMD) to $620 from $550. Analyst Christopher Rolland pointed to sustained demand for AI and server products ahead of the earnings season.
Qualcomm's target was lifted to $185 from $160, while Intel's was cut to $105 from $115. Lead times for semiconductors lengthened by roughly two weeks for a second straight quarter, and pricing has become more competitive. The firm expects further price increases into the fourth quarter and 2027.
Consumer-facing markets remain soft, however. PC shipments are running below earlier forecasts, and smartphone demand is being held back by memory shortages and weakness in China. AMD and Intel are shifting some wafer capacity from PCs to servers, where demand linked to agentic AI keeps rising.
why it matters
The gap between segments is becoming more visible: AI infrastructure remains the strongest part of the cycle, while consumer chip markets lag. Investors will look to earnings for signs whether server growth can offset weaker PC and handset trends.
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- Susquehanna Raises AMD and Qualcomm, Cuts Intel Target — gurufocus.com, 21 October 2026 at 22:20 UTC
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