With strong hedge fund and Wall Street support, Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among the best AI infrastructure stocks and carries an upside potential of 21.1%.
Advanced Micro Devices, Inc. (NASDAQ:AMD) remains closely tied to the expanding AI infrastructure buildout, with analysts becoming more constructive on that theme on June 1, 2026.
Barclays analyst Tom O’Malley raised the firm’s price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $665 from $500 and maintained an “Overweight” rating. The firm said CPU-to-GPU ratios are narrowing as CPU demand reaches new levels in the rapidly expanding world of agentic AI. O’Malley argued that AMD is among the best-positioned companies to benefit from that shift.
The same day, Mizuho raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $615 from $515 while maintaining an “Outperform” rating. The firm increased semiconductor-sector targets on expectations that agentic AI demand remains strong across the CPU ecosystem. Mizuho said suppliers continue to face supply constraints into 2027, creating potential upside for server-related demand, though memory and CPU availability could limit growth in the second half of 2026.
The analyst optimism follows Advanced Micro Devices, Inc. (NASDAQ:AMD)’s efforts to broaden its AI infrastructure footprint beyond hyperscale deployments.
On May 8, 2026, Dell Technologies and Advanced Micro Devices, Inc. (NASDAQ:AMD) expanded their on-premises AI platform with support for AMD Instinct MI350P PCIe GPUs in Dell PowerEdge servers. AMD said the MI350P cards are designed to help enterprises run more models, serve more users, and reduce memory, power, and cooling requirements within existing data centers.
The update reflects Advanced Micro Devices, Inc. (NASDAQ:AMD)’s push to address enterprise AI deployments alongside large-scale cloud environments. The company’s AI portfolio spans Instinct GPUs, EPYC server CPUs, and an open ecosystem strategy aimed at customers deploying AI across cloud, on-premises, and hybrid environments.
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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