15 Best Performing AI Stocks Heading into 2026

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

Year-to-Date Performance: 77.60%

Number of Hedge Fund Holders: 115

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best-performing AI stocks heading into 2026. On November 25, Bank of America Securities reiterated its Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a $300 price target.

In other news, on November 17, TD Cowen reaffirmed its Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $290. This decision came after a call with the company’s CFO, Jean Hu, and Corporate Vice President, Financial Strategy & Investor Relations, Matt Ramsay.

TD Cowen is confident that Advanced Micro Devices, Inc. (NASDAQ:AMD) can capture value in the growing AI market. The company’s management has explained that its $1 trillion AI market opportunity includes GPUs, CPUs, and server-side networking components like DPUs and NICs. However, it does not include switches and it only includes a limited opportunity in China. Advanced Micro Devices, Inc.’s (NASDAQ:AMD) goal of more than 60% compound annual growth rate in Data Center revenue does not include China because of political uncertainties.

The company expects its overall revenue to grow by more than 35% over the next 3 to 5 years. The primary driver of this growth is expected to be the Data Center business, while its “core business” segments like Client, Gaming, and Embedded are expected to grow by over 10%.

On November 18, Citi analyst Christopher Danely said in a note that “almost everyone has [the] same positions” across the semiconductor industry, but Advanced Micro Devices, Inc. (NASDAQ:AMD) is the most favored and has the strongest buying momentum. The analyst called it the “king of the hill.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that manufactures GPUs, microprocessors, and high-performance computing solutions and serves a number of high-growth industries like gaming, data centers, and AI.

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