Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best long-term tech stocks to buy according to hedge fund, with the company having a five-year forward EPS growth rate of over 42%.
Advanced Micro Devices has signed a multi-year deal with the French government to help in the national AI strategy. AMD will offer its AI compute resources for French educators, developers, researchers, and AI start-ups with the aim to accelerate AI adoption across Europe. This partnership integrates AMD’s AI presence in Europe, expanding its market position in government-backed AI initiatives.
AMD has also launched the Ryzen 9 9950X3D2 Dual Edition, which is the world’s first desktop processor. On April 22, AMD announced the launch of the processor that features dual AMD 3D V-Cache technology across all 16 cores. The processor has the capacity to deliver 208 Mb of total cache built on a Zen 4 design and a 4 nm process.
AMD shares are on a run and have soared over 52% year-to-date as of April 27. Analysts remain cautious as the stock is trading at its all-time high price point. AMD shares fell over 3% on April 27 after Citi analyst Atif Malik removed the stock from the firm’s positive catalyst list. Malik believes that the near-term catalysts lack the ability to push further upside amid the stock’s nearly 60% growth in April 2026. The analyst retains the stock with a Hold rating on AMD with a price target of $248. However, the long-term prospects remain intact based on strong fundamentals, according to Northland’s Gus Richard, who downgraded the stock to Market Perform, keeping the price target at $260. Richard said that expectations for 2027 are too high, as ongoing R&D spending and competitive pressures could minimize margin expansion despite the robust AI demand.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.
While we acknowledge the risk and potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMD and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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