10 AI Stocks to Keep on Your Radar

5. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 115

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 AI Stocks to Keep on Your Radar. On February 4, Baird analyst Tristan Gerra reiterated an Outperform rating on the stock with a $300.00 price target. The firm anticipates that AMD will benefit from robust AI demand and GPU momentum.

The research firm cited several positive developments in the company’s AI-related business segments. One of these includes an acceleration in AI-related x86 server CPU demand. While it did acknowledge that higher pricing for commodities is negatively impacting the PC Total Addressable Market, it noted that it is offset by ongoing Client share gains.

Moreover, there has been continued strength in AI GPU demand while Mi308 sales have resumed. Baird also highlighted that the Mi450 product and AMD’s partnership with OpenAI remain on track.

Overall, the firm has expressed optimism about AMD’s future AI unit forecasts, citing meaningful upside in 2026.

We continue to see meaningful upside in 2026 AI units forecasts versus a quarter ago expectations, while we expect the ramp of Mi450 to result in market share gains for AMD. Outperform-rated.

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.