Advanced Micro Devices (AMD) Up More Than 60% in 6 Months, Here's What You Need to Know

​Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the High-Flying Tech Stocks to Buy. Advanced Micro Devices, Inc. (NASDAQ:AMD) has gained more than 60% over the past 6 months. Recently, on January 23, Aletheia released a research note highlighting that the company’s server CPU business growth forecasts might be too conservative. Earlier, on January 21, Stacy Rasgon from Bernstein reiterated a Hold rating on the stock and raised the price target from $200 to $225.

​On January 5, Aletheia released its conservative baseline server CPU business forecast. The firm noted that they expect AMD’s fiscal 2026 revenue to reach $14.5 billion, reflecting 42% year-over-year growth. However, recently the firm released another research note questioning whether the forecasts might be too conservative. This is due to feedback from cloud service providers, which suggests even stronger market conditions for 2026.

​Similarly, Bernstein’s analyst Rasgon noted that the updated price target is part of the firm’s updated outlook on the stock. The firm expects Advanced Micro Devices, Inc.’s (NASDAQ:AMD) Q4 2025 revenue to be around $9.7 billion, up from the previous expectations of $9.6 billion. Moreover, the EPS is also expected at $1.31, up from the previous forecast of $1.30.

​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.

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