Analysts Raise AMD Target on Renewed China AI Chip Opportunities

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Investors Are Watching Closely. On July 15, Mizuho analyst Vijay Rakesh raised the price target on the stock to $175.00 (from $152.00) while maintaining an “Outperform” rating. The rating affirmation follows an announcement from the Trump administration that Nvidia and similar AI accelerator providers will be able to resume AI GPU shipments to China as part of trade negotiations.

According to Mizuho, the announcement means AMD will be able to resume the shipments of its MI308 chips to China. This denotes a significant opportunity as U.S. companies re-enter the Chinese market, which the firm estimates is worth an estimated $50 billion in value.

Analysts Raise AMD Target on Renewed China AI Chip Opportunities

Alongside AMD, the firm also raised price targets for Nvidia and Broadcom based on the win. It said that Chinese customers are already applying for licenses to receive shipments of certain AI chips following the news.

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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