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Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Quality Stocks to Buy Before 2026. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen more than 76.9% year-to-date. The share price moved further up on December 17, after South China Morning Post reported the company’s chair and CEO, Lisa SU met with the Chinese minister of industry and information technology.
According to the report, Lisa Su affirmed the commitment to deepen its investment in China. The chief executive also noted that China will offer greater corporate opportunities for foreign enterprises, including Advanced Micro Devices.
This report comes as President Trump released a statement suggesting eased export control on Nvidia’s H200 chips and also indicated potential relaxation for Intel and Advanced Micro Devices. This is an important update for the company as during fiscal 2024, China and Hong Kong combined generated roughly $6.2 billion in revenue for the company, thereby making it the second largest market for AMD.
That said, Wall Street also maintains a positive outlook on the stock. On December 19, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on the stock but slightly lowered the price target from $279 to $277. On the same day, William Stein from Truist Financial also reiterated a Buy rating on the stock with a $201.06 price target.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that manufactures GPUs, microprocessors, and high-performance computing solutions and serves a number of high-growth industries like gaming, data centers, and AI.
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.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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