Mizuho Raises PT on Advanced Micro Devices, Inc. (AMD) Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the 10 Unstoppable Stocks to Buy and Hold for the Next 3 Years.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Unstoppable Stocks to Buy and Hold for the Next 3 Years. On February 24, Mizuho analyst Vijay Rakesh lifted its price objective on the company's stock to $280 from $275, while keeping an "Outperform" rating.

The analyst noted Advanced Micro Devices, Inc. (NASDAQ:AMD)'s expanded partnership with Meta, which focuses on ramping Instinct deployments. While the firm expects 600 bps of gross margin dilution as a result of warrants, it highlighted that Advanced Micro Devices, Inc. (NASDAQ:AMD) believes that the deal is accretive to revenue and earnings.

In a separate release, Advanced Micro Devices, Inc. (NASDAQ:AMD) and Nutanix announced a multi-year strategic partnership. This partnership focuses on jointly developing an open, full-stack AI infrastructure platform. This will help power agentic AI applications.

Advanced Micro Devices, Inc. (NASDAQ:AMD) will invest $150 million in Nutanix common stock. The purchase price will be $36.26 per share. It will finance up to $100 million for Nutanix to help joint engineering initiatives, as well as go-to-market collaboration to ramp up the adoption of AMD and the Nutanix-powered agentic AI platform.

With the help of this partnership, Advanced Micro Devices, Inc. (NASDAQ:AMD) plans to build a scalable, full-stack AI platform, which will be rooted in openness.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.

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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