TD Cowen Raises PT on Advanced Micro Devices (AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Big Company Stocks to Buy Right Now. On June 1, TD Cowen lifted its price target on the company’s stock to $600 from $500 and maintained a “Buy” rating on the shares post meeting with management. As per the analyst, Advanced Micro Devices, Inc. (NASDAQ:AMD) demonstrated a meaningful change over the past couple of months, with the AI productivity and capabilities improving for enterprises to deploy significant capital for AI.

TD Cowen Raises PT on Advanced Micro Devices (AMD) Stock

According to the firm, while the company doubled its total addressable market expectations, the management sees that the $120 billion figure can be conservative. This is because agentic AI continues to push the requirement for efficient, high-performance, low-latency CPUs, which are flexible throughout different workloads.

Against the significant and early AI compute market, the firm opines that Advanced Micro Devices, Inc. (NASDAQ:AMD) has been doing its groundwork to strengthen its position as the de facto merchant alternative to the strong market position of Nvidia.

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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