We have recently published
Jim Cramer Discussed AI Circular Deals, Top Quantum Plays & These 22 Stocks. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks discussed by Jim Cramer.
Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares are up by a strong 55% year-to-date and by 57% over the past month. DA Davidson discussed the firm recently, as it raised the share price target to $375 from $220 and upgraded the rating to Neutral from Buy. The financial firm outlined that Advanced Micro Devices, Inc. (NASDAQ:AMD) was benefiting from growing data center demand, which was spurring demand for its CPUs. As evidenced, the firm cited recent data shared by Intel, which indicated that a shift towards agentic workloads was creating demand for server CPUs. Stifel had discussed Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares on April 19th as it raised the share price target to $320 from $280 and kept a Buy rating on the stock. The financial firm remarked that demand for accelerated and general-purpose computing appeared to be beating forecasts. Crmaer discussed Advanced Micro Devices, Inc. (NASDAQ:AMD) in the context of TSMC’s earnings:
“Very disappointing reaction. But David, it’s all about, TSMC, what they said, Taiwan Semi, was that Vera Rubin which is the latest of NVIDIA, needs a lot of CPUs. And that was the clarion call to go buy Intel, which I still think is a buy and go buy AMD which hit an all time high yesterday.”
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: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
Leave a Reply