BofA Raises AMD Price Target, Keeps Buy Rating

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 12 Best Performing AI Stocks So Far in 2025. On July 29, BofA Securities increased its price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) from $175 to $200 while keeping its Buy rating.

BofA Securities highlighted the possible resumption of AI shipments to China in the second half of 2025, which could help Advanced Micro Devices, Inc. (NASDAQ:AMD) generate an extra $0.7 to $1 billion in AI GPU revenue in 2025 and $1.5 to $2 billion in 2026.

BofA Raises AMD Price Target, Keeps Buy Rating

The firm also pointed out that Advanced Micro Devices, Inc.’s (NASDAQ:AMD is seeing stronger-than-expected pricing for its MI355X GPUs at more than $20,000, which compares to the consensus estimates of $17,000.

Looking ahead, BofA expects Advanced Micro Devices, Inc. (NASDAQ:AMD) to grow its overall CPU market share to over 30% by 2026. This would be a strong increase from less than 20% in 2023. The firm also believes that the company could capture 4% to 5% of the AI GPU market.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that specializes in graphics processing units (GPUs), microprocessors, and high-performance computing solutions. The company serves a range of high-growth industries like gaming, data centers, and AI.

While we acknowledge the potential of AMD as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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