AMD Stock Gets Bullish Re-Rating as Export Ban Relief Sparks $800M Upside

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Making Waves on Wall Street. On July 30, Susquehanna analyst Christopher Rolland raised the price target on the stock to $210 from $135 and kept a “Positive” rating on the shares.

After previewing Q2 results, the analysts anticipate generally in-line to slightly better results on the back of stronger PC sales. This is because Intel acknowledged that tariff-related pull-ins continued in 2Q. The firm has also highlighted that AMD boasts server business strength. It has been gaining market share in EPYC data center CPUs.

A major factor behind the upgraded outlook on AMD is that the government announced in July that it would review and likely renew AMD’s license application for exporting MI308 AI chips to China.

Provided this occurs, it would help in reversing the previously anticipated $1.5 billion negative revenue impact from China restrictions. As of now, the firm expects AMD to recover an estimated $800 million in revenue during the second half of 2025 from the potential China sales.

It also highlighted that much of the $800 million in MI308 inventory that AMD was planning to write down may now be sold at near-zero cost.

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

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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