Gartner Names Advanced Micro Devices, Inc. (AMD) “The Company to Beat for Enterprise AI Server CPUs

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Best AI Chip Stocks to Buy for the Long Term. The stock posted an impressive 275.53% growth in the past year, while it registered a 132.63 % year-to-date increase. On June 24, the company reported that it was named by research and advisory firm Gartner as “The Company to Beat for Enterprise AI Server CPUs,” highlighting its I/O bandwidth, server consolidation capabilities, and alignment with agentic AI orchestration.

Earlier on June 17, Bernstein increased the price target on AMD to $600 from $525 while maintaining an Outperform rating on the stock, according to a report by TheFly. The analyst said it sees the company benefiting from stronger server demand, adding that its existing AMD model was already consistent with a stronger server CPU environment and estimates a marginal move.

On June 15, AMD announced the acquisition of MEXT, a pioneer in AI-driven memory optimization technology, to advance memory optimization for compute infrastructure. It added that this helps customers with memory optimization technology designed to improve performance, reduce the total cost of ownership, and accelerate time to deployment.

AMD said the acquisition adds to its ability to deliver differentiated, full-stack compute and AI solutions. It added:

“By integrating MEXT’s technology across the AMD data center portfolio, we expect to help enterprise customers unlock greater value from their infrastructure investments while accelerating AI deployment,” AMD said.

Advanced Micro Devices, Inc. (NASDAQ:AMD) offers full-stack AI solutions that provide the performance and scalability needed for a new era of intelligent computing with its portfolio of AI-optimized CPUs, GPUs, networking, and software.

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