TD Cowen Raises PT on Advanced Micro Devices, Inc. (AMD) to $195; Maintains ‘Buy’ Rating

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

TD Cowen Raises PT on Advanced Micro Devices, Inc. (AMD) to $195; Maintains ‘Buy’ Rating

On August 6, 2025, TD Cowen raised its price target for Advanced Micro Devices, Inc. (NASDAQ:AMD) to $195 from $165, maintaining its Buy rating following a “solid beat/raise” quarter. The company emphasized strong performance in its Gaming segment, which was achieved without the use of AMD’s MI308 processor, and pointed to future momentum from the MI355 ramp in the second half of 2025.

Analysts highlighted unchanged gross margins despite increased data center GPU output, and EPS growth was limited by greater operating expenses associated with rack-scale AI initiatives. Importantly, TD Cowen underlined that Advanced Micro Devices, Inc. (NASDAQ:AMD)’s Instinct franchise is emerging as the largest growth driver, with significant quarter-over-quarter expansion projected and with growing confidence in the important MI400/Helios portfolio by 2026.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor design and manufacturing company that serves global markets in data centers, gaming, client computing, and embedded technologies. It is one of the Best Quantum Computing Stocks.

While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about this cheapest AI stock.

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