12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts

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

Number of Hedge Fund Holders: 97

Upside Potential: 15.99%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

On August 6, 2025, TD Cowen raised its price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) to $195 from $165, maintaining its Buy rating following a “solid beat/raise” quarter. The company emphasized strong performance in its Gaming segment, which was achieved without the use of AMD’s MI308 processor, and pointed to future momentum from the MI355 ramp in the second half of 2025.

Analysts highlighted unchanged gross margins despite increased data center GPU output, and EPS growth was limited by greater operating expenses associated with rack-scale AI initiatives. Importantly, TD Cowen underlined that Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Instinct franchise is emerging as the largest growth driver, with significant quarter-over-quarter expansion projected and with growing confidence in the important MI400/Helios portfolio by 2026.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor design and manufacturing company that serves global markets in data centers, gaming, client computing, and embedded technologies. It is one of the Best Quantum Computing Stocks.

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