Advanced Micro Devices (AMD) Maintains $32B FY25 Forecast Despite EPS Trim, Mizuho Stays Bullish

Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among the 20 best fast growth stocks to invest in. Mizuho maintained its Outperform rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) and raised its price target from $135 to $152 on July 2.

Advanced Micro Devices (AMD) Maintains $32B FY25 Forecast Despite EPS Trim, Mizuho Stays Bullish

In contrast to the average forecast of $7.40 billion and $0.49 per share, the firm revised its June quarter revenue projection to $7.40 billion and earnings per share to $0.47. Mizuho also kept its fiscal year 2025 revenue projection for AMD at $32 billion while marginally reducing its EPS forecast to $3.90 from $4.02.

Although software limitations continue to place Advanced Micro Devices, Inc. (NASDAQ:AMD) behind its primary rival NVIDIA, Mizuho stated that the demand for AI accelerators “remains strong” and that many hyperscalers are looking for alternate GPU vendors.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global leader in semiconductor technology. The company, which serves both commercial and consumer industries, focuses in designing cutting-edge computer processors and associated technologies.

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 this cheapest AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.