Analysts Remain Bullish on Advanced Micro Devices Despite Rumours of MI450-Series Chips Behind Schedule

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Hottest Stocks to Buy in 2026.

On January 26, UBS raised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $300 to $330. Timothy Arcuri from UBS raised the price target on the back of the company’s strong demand for the MI450-series.

However, the recent reports from SemiAnalysis claim that AMD’s MI450-series chips were behind schedule, leading to a potential sell-off on January 30, as the shares fell over 6%.

On the other side, Wells Fargo analyst Aaron Rakers refuted this claim and reaffirmed his belief that AMD will indicate traction toward MI450-series ramp starting in the second half of 2026. On January 29, Rakers reiterated the Overweight rating on Advanced Micro Devices, Inc. (NASDAQ:AMD), maintaining the price target at $345.

Over the last year, through January 30, Advanced Micro Devices, Inc. (NASDAQ:AMD) shares have soared just over 100%, making it one of the most rewarding stocks during this period. Out of 58 analysts covering AMD, 79% rank the stock as a Buy, while 21% rate it as a Hold. AMD has a median price target of $290.50, implying more than 22% upside.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company in the US. The firm offers AI accelerators, x86 microprocessors, and GPUs. It operates three segments: Data Center, Client and Gaming, and Embedded.

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Disclosure: None. This article is originally published at Insider Monkey.