Analysts Remain Bullish on Advanced Micro Devices Despite Rumours of MI450-Series Chips Behind Schedule

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Hottest Stocks to Buy in 2026.

On January 26, UBS raised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $300 to $330. Timothy Arcuri from UBS raised the price target on the back of the company’s strong demand for the MI450-series.

However, the recent reports from SemiAnalysis claim that AMD’s MI450-series chips were behind schedule, leading to a potential sell-off on January 30, as the shares fell over 6%.

On the other side, Wells Fargo analyst Aaron Rakers refuted this claim and reaffirmed his belief that AMD will indicate traction toward MI450-series ramp starting in the second half of 2026. On January 29, Rakers reiterated the Overweight rating on Advanced Micro Devices, Inc. (NASDAQ:AMD), maintaining the price target at $345.

Over the last year, through January 30, Advanced Micro Devices, Inc. (NASDAQ:AMD) shares have soared just over 100%, making it one of the most rewarding stocks during this period. Out of 58 analysts covering AMD, 79% rank the stock as a Buy, while 21% rate it as a Hold. AMD has a median price target of $290.50, implying more than 22% upside.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company in the US. The firm offers AI accelerators, x86 microprocessors, and GPUs. It operates three segments: Data Center, Client and Gaming, and Embedded.

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.