This AI Stock Could Still Have Room to Run-Analyst Boosts AMD to $175

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Trending AI Stocks on Wall Street Right Now. On June 23, Analyst Ben Reitzes from Melius Research upgraded shares of AI stock to “Buy” and raised his price target by $65 to $175. Reitzes believes AMD stock can surge 36.5%.

“Many things have changed for the better since the beginning of the year. If we are right, the stock has a lot more to go, despite missing the initial move off the bottom.”

The firm has cited growing opportunities tied to graphics processing units for 2026 to 2028, pointing to “a sustainable surge in inferencing,” which analysts believe has been much bigger of a business than initially expected.

AMD’s platform appears to be increasingly attractive for hyperscalers and sovereigns.

“We have increased conviction that investors will gain more confidence in GPU momentum over the next year, which means we could be just in the middle of a historic run in the stock.”

The firm anticipates continued growth in AMD’s artificial intelligence-related business segments, projecting that its EPS may “top $8 within 2 years.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

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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