Advanced Micro Devices Inc. (AMD) PT Raised to $358 Following Massive 6-Gigawatt AI Partnership With Meta

Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best high volume stocks to invest in now. On February 24, Evercore ISI raised its price target for AMD to $358 from $328 with an Outperform rating. This decision was made as the firm increased estimates to reflect a new partnership with Meta.  Evercore ISI considers this deal incremental to current Street expectations and updated its earnings-per-share projections for both OpenAI and Meta partnerships. This adjustment accounts for the analyst’s view that 6 gigawatts represents system-level power.

Earlier on February 4, Baird analyst Tristan Gerra reiterated an Outperform rating and a $300 price target for Advanced Micro Devices Inc. (NASDAQ:AMD), citing robust AI demand and GPU momentum as key growth drivers. The firm highlighted positive developments, including accelerating AI-related x86 server CPU demand and client share gains that offset a higher-priced PC market.

Additionally, Baird noted continued strength in AI GPU demand with the resumption of Mi308 sales and confirmed that the Mi450 product and OpenAI partnership remain on track. Ultimately, the firm expressed optimism regarding significant upside for 2026 AI unit forecasts and expected market share gains from the Mi450 ramp.

Advanced Micro Devices Inc. (NASDAQ: AMD) is an international semiconductor company. It operates in three segments: Data Center, Client & 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.