[Citi: The CPU market size is expected to reach US$300 billion in 2030 Raise AMD target price to US$800] On October 8, Citi released a research report saying that a number of personal AI agent products have appeared on the market, including Muse, Dots, Instinct, GrokBot and GeminiSpark. The total potential market size (TAM) of CPU is expected to expand from US$29 billion in 2025 to US$300 billion in 2030, with an average annual compound growth rate of 60%. Citi believes that unlike most traditional chatting AIs that are idle, AI agents operate sustainably and are expected to bring geometric growth in computing power demand. They raised AMD's target price from $575 to $800 and maintained a "buy" rating. It expected it to be the main beneficiary of the CPU renaissance, and Intel would be a secondary beneficiary. It also reiterated its "buy" rating on Nvidia, with a target price of $315.