Morgan Stanley Raises PT on Advanced Micro Devices, Inc. (AMD); Maintains 'Equal Weight' Rating

With impressive year-to-date performance and significant hedge fund interest, Advanced Micro Devices, Inc. (NASDAQ:AMD) secures a spot on our list of the 12 Unstoppable Artificial Intelligence (AI) Stocks to Buy Right Now.

On July 30, 2025, Morgan Stanley increased its price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $121 to $185, maintaining an ‘Equal Weight’ rating. Due to the reinstatement of its MI308 AI accelerator for the Chinese Market and positive momentum in its PC segment following Intel’s strong results, analysts have renewed optimism around the company’s growth potential.

The investment firm also increased the company’s 2026 P/E multiple from 22x to 33x, bringing it in line with other large-cap AI semiconductor companies. Looking ahead, the analyst expects Advanced Micro Devices, Inc. (NASDAQ:AMD) to hit the $6 billion mark in its AI segment. Thus, AMD remains positioned to capitalize on the growing AI market.

Advanced Micro Devices, Inc. (NASDAQ:AMD), headquartered in Santa Clara, makes processors, graphics cards, and AI computing technologies. It is included in our list of the unstoppable stocks.

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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