5 Fastest Growing S&P 500 Stocks to Buy Now

Page 5 of 5

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

On May 13, 2026, BofA raised the firm’s price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $500 from $450 while maintaining a Buy rating on the shares. The firm updated its 2030 AI data center systems total addressable market estimate to about $1.7T from $1.4T previously, saying 2026 should remain a year of accelerating AI-related sales and returns on investment, while 2027 could benefit from improving token economics and efficiency as next-generation compute and memory architectures scale.

Meanwhile, Daiwa downgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Outperform from Buy with a price target of $500, up from $250. The firm cited valuation following the stock’s roughly 150% gain over the past 60 days. Daiwa described AMD’s Q1 results and Q2 outlook as very strong but said the pace of share appreciation could moderate in the near term after the recent rally.

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor company serving global markets through its Data Center, Client and Gaming, and Embedded segments.

While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 AI Stocks with Potential to Rise 1000 Percent and 9 Best American Semiconductor Stocks to Buy According to Analysts

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5
1281292 - 11759070 - 1