5 Best Data Center Stocks to Buy in July

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

Market Capitalization: $841.57 billion

Number of Hedge Fund Holders: 134

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Best Data Center Stocks to Buy in July. On July 6, TheFly reported that Goldman increased its price target on AMD to $640 from $450 while maintaining a Buy rating on the stock.

On the same day, Investing.com reported that Citi placed AMD on its upside catalyst watch list, highlighting the durable AI demand strength. Additionally, Japanese autonomous driving startup Turing announced that AMD Ventures had joined its investor group and that it has adopted AMD accelerators into its systems.

In other news, AMD reported earlier on June 24 that it was identified by research and advisory firm Gartner as “The Company to Beat for Enterprise AI Server CPUs,” highlighting its I/O bandwidth, server consolidation capabilities, and alignment with agentic AI orchestration.

According to 59 stock ratings compiled by CNN, 83% assigned a Buy rating to AMD, while 17% assigned a Hold rating. The stock has an average price target of $520, a 0.75% upside from the current price of $516.11.

Advanced Micro Devices, Inc. (NASDAQ:AMD) offers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing with its portfolio of AI-optimized CPUs, GPUs, networking, and software.