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 potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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