RBC Capital Maintains a Sector Perform Rating on Advanced Micro Devices (AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Semiconductor Stocks to Invest In Now. On March 15, RBC Capital maintained a “Sector Perform” rating and a price objective of $230 on the company’s stock. The company reiterated that MI450/Helios is on track, with Advanced Micro Devices, Inc. (NASDAQ:AMD) having strong conviction in OpenAI and Meta volume ramps in H2 2026, added the analyst.

RBC Capital Maintains a Sector Perform Rating on Advanced Micro Devices (AMD) Stock

In a different update, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Celestica Inc. announced a strategic alliance, focusing on bringing a new “Helios” rack-scale AI platform to the market. As a result of this alliance, Advanced Micro Devices, Inc. (NASDAQ:AMD)’s computing leadership is being paired with Celestica’s knowledge in providing leading-edge networking switch technologies.

Notably, ‘Helios’ reflects a new blueprint for the AI infrastructure, which allows customers to deploy AI at scale. This is being done with the performance, efficiency, and flexibility needed for the next generation of workloads.

Advanced Micro Devices (NASDAQ:AMD) is a multinational semiconductor company that designs high-performance computing, graphics processing units, and visualization technologies.

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.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.