AMD (AMD) Gains Steam in AI Compute—Analyst Hikes Target to $190

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the High Flying AI Stocks This Week. On August 6, Stifel analyst Ruben Roy raised the price target on the stock to $190.00 (from $161.00) while maintaining a Buy rating.

The rating affirmation follows AMD’s quarterly report, particularly its above consensus Q2 revenue of $7.7B which was backed by strong EPYC and Ryzen CPU sales.

According to the firm, AMD is “a strong participant in AI compute.”

AMD (AMD) Gains Steam in AI Compute—Analyst Hikes Target to $190

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“We continue to believe that key drivers over coming quarters include MI35x/400 series scaling to more significant revenue AI revenue, continued EPYC share gains in cloud/enterprise, sovereign AI deals (e.g., HUMAIN collaboration), ROCm software enhancements, and potential MI308 China sales post-licensing. We continue to view AMD as a strong participant in AI compute. Modestly increasing estimates, target price to $190.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

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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