5 Stocks With Rising Earnings Estimates and Fresh Catalysts

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

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks with rising earnings estimates and fresh catalysts. The stock has 42 upward EPS revisions and 3 downward revisions for the upcoming fiscal year over the last three months, while revenue estimates show 43 upward revisions and 2 downward revisions. That gives AMD one of the strongest raw revision profiles in the screen, second only to Nvidia in the final ranking.

On June 30, Barron’s reported that Wells Fargo raised its AMD price target to $615 from $505 while maintaining an Overweight rating. The firm tied the move to demand for AI-optimized server CPUs and projected AMD server CPU revenue to grow 68% in 2026 to $16 billion. The catalyst is broader than GPUs: agentic AI, cloud expansion, and enterprise modernization are increasing CPU demand alongside accelerator demand. That helps the estimate-revision story because AMD’s AI opportunity is no longer limited to Instinct GPUs. The company also has leverage to EPYC server CPUs, rack-scale AI systems, and data-center platform share gains.

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs CPUs, GPUs, adaptive computing products, and data-center chips used across servers, PCs, gaming, embedded systems, and AI infrastructure.

1281292 - 11759070 - 1