Analysts Doubled Down on AMD in December Amid AI Wins and Growing Buy Ratings

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the fastest-growing semiconductor stocks to buy. On December 3, Bank of America Securities analyst Vivek Arya reaffirmed a Buy rating on the stock, keeping his price target unchanged at $300. As of December 5, Advanced Micro Devices, Inc. (NASDAQ:AMD) enjoys highly positive analyst opinions with more than 80% analysts assigning it a Buy or equivalent rating. With a consensus 1-year median price target of $290, the stock still shows an upside potential of over 33%.

On the business side, on November 24, 2025, AMD said Zyphra trained ZAYA1, billed as the first large-scale Mixture-of-Experts foundation model trained entirely on an AMD platform, Instinct MI300X GPUs with Pensando networking, enabled by the ROCm open software stack. AMD highlighted that ZAYA1-base outperformed Llama-3-8B and OLMoE across multiple benchmarks and rivaled Qwen3-4B and Gemma3-12B. AMD also noted that MI300X memory capacity simplified training and delivered ~10× faster model save times in Zyphra’s pipeline.

The announcement follows an October collaboration update from IBM and AMD around deploying Instinct MI300X clusters on IBM Cloud for Zyphra; Zyphra’s own release the same day detailed the integrated AMD compute and networking setup used for ZAYA1 training. Together, the materials point to an end-to-end AMD stack — accelerators, networking, and software — powering Zyphra’s training run and technical report.

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs high-performance computing and graphics products, including EPYC™ data-center CPUs, Instinct data-center GPUs, and Pensando DPUs and networking, alongside the ROCm software ecosystem used to build and deploy AI models.

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