10 Important AI News and Ratings for Today

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

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) creates semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing.

On January 29, TipRanks reported that Wells Fargo analyst Aaron Rakers reaffirmed a Buy rating on AMD, with a price target of $165.00. He highlighted the stock’s low valuation near a 52-week low and the potential for upside despite recent revenue and earnings estimate reductions. Rakers pointed to strong growth in AMD’s data center segment, driven by successful Zen4 and Zen5-based EPYC processors. Although there are concerns around the client segment due to supply chain issues, positive long-term trends, including partnerships like Dell, support a favorable outlook for the company.