Raymond James Upgrades AMD, Forecasts Server CPU Market Growth

By EC Assets · Published 25 August 2026

Raymond James upgraded Advanced Micro Devices (AMD) and projects a significant expansion in the server CPU market. The firm anticipates the server central processing unit market could reach $201 billion by 2030. Raymond James also views AMD as a semiconductor stock that could surpass Intel in the CPU market. The upgrade to AMD stems from accelerating AI-driven growth. Long-term prospects and operating leverage support a 15% annual return outlook through 2030 for the company. Raymond James highlights AMD's appeal compared to other semiconductor names. Matt Orton, Raymond James Investment Management chief market strategist and portfolio manager, discussed market trends and the state of the tech sector. Raymond James, a firm that generates revenue by managing money, continues to recruit financial advisors. The company's CEO, Paul Shoukry, stated that market turmoil is unlikely to hinder recruitment efforts. This article is intended for informational purposes only. It does not constitute investment advice.