Is Advanced Micro Devices, Inc. (AMD) one of the Best Data Center Hardware Stocks?

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 7 Best Data Center Hardware Stocks to Invest in.

On April 24, CNBC reported that Advanced Micro Devices, Inc. (NASDAQ:AMD) shares went up by over 12%, citing investor reaction to Intel’s latest earnings. Intel saw a high CPU demand due to AI buildouts, leading investors to buy AMD.

Gil Luria, an analyst at D.A. Davidson, said that Intel’s performance showed a “very significant upside” and that CPUs are “reinserting” as essential AI infrastructure. Luria upgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to buy from neutral and lifted his price target to $375, representing a 22% increase.

Citi analyst Atif Malik said Intel now forecasts “double-digit server CPU unit growth in 2026,” raising his recommendation to buy from neutral. According to Roth analyst Suji Desilva, improved AI infrastructure participation led to a stronger valuation expectation among peers, including Advanced Micro Devices, Inc. (NASDAQ:AMD).

Is Advanced Micro Devices, Inc. (AMD) one of the Best Data Center Hardware Stocks?

Barclays analyst Tom O’Malley has warned of potential share movements, stating that his downside case implies “greater share loss to AMD.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) works in the semiconductor industry. Its product line includes processors, accelerators, graphics, adaptive SoCs, FPGAs, and SOMs, as well as software, tools, and apps. The company provides artificial intelligence, industries, workload, and gaming solutions.

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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