UBS Raises PT on Advanced Micro Devices (AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the High Growth Semiconductor Stocks to Buy Now. On June 24, UBS raised its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $455 to $670, while maintaining a Buy rating on the shares.

​The firm noted that its bullish sentiment on the stock is becoming incrementally more positive, driven by a notable shift in how the market is deploying computing infrastructure. UBS believes that standalone CPU racks are becoming more popular with wider adoption.

​The firm also likes the company’s competitive edge in core density and multithreading, combined with its deep roots in the x86 software ecosystem. UBS believes that these capabilities make AMD’s processors particularly well-suited for traditional workloads that are now being woven into agentic AI applications.

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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