Bank of America Securities Reiterates a Buy on Advanced Micro Devices (AMD)

​Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Technology Stocks to Invest in for the Long Term. On September 18, Vivek Arya from Bank of America Securities reiterated a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $200.

​The analyst highlighted that the recent partnership between Nvidia and Intel is not expected to negatively impact Advanced Micro Devices, Inc. (NASDAQ:AMD) immediately. This is because the partnership can take years to yield a significant product outcome. The analyst sees this as an opportunity for the company to maintain its competitive edge for the short to medium term.

​Moreover, the analyst also highlighted the growth potential of the x86 architecture in enterprise markets and believes AMD can benefit alongside Intel here. He also sees an opportunity for the company as Intel’s multiple collaborations might distract the company, whereas Advanced Micro Devices, Inc. (NASDAQ:AMD) can take advantage of this divided attention.

​Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company specializing in high-performance computing and graphics technologies.

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Disclosure: None. This article is originally published at Insider Monkey.