AMD (AMD) Gains Steam in AI Compute-Analyst Hikes Target to $190

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the High Flying AI Stocks This Week. On August 6, Stifel analyst Ruben Roy raised the price target on the stock to $190.00 (from $161.00) while maintaining a Buy rating.

The rating affirmation follows AMD’s quarterly report, particularly its above consensus Q2 revenue of $7.7B which was backed by strong EPYC and Ryzen CPU sales.

According to the firm, AMD is “a strong participant in AI compute.”

“We continue to believe that key drivers over coming quarters include MI35x/400 series scaling to more significant revenue AI revenue, continued EPYC share gains in cloud/enterprise, sovereign AI deals (e.g., HUMAIN collaboration), ROCm software enhancements, and potential MI308 China sales post-licensing. We continue to view AMD as a strong participant in AI compute. Modestly increasing estimates, target price to $190.”

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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