\u200bAdvanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Hot Growth Stocks to Invest in Right Now<\/strong>. On March 30, Aletheia Capital reiterated a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $333.<\/p>\n \u200bThe firm finds Advanced Micro Devices as one of the major benefactors of the next stage of AI, which is Agentic AI. The firm said in a research note that CPUs are more suitable semiconductors compared to GPUs for Agentic computing because it involves tasks such as reasoning, orchestration, and coordination across multiple AI models rather than pure number\u2011crunching.<\/p>\n \u200bAletheia Capital noted that AMD is already a leader in server CPUs, and the company\u2019s role in the AI compute has transformed from being mainly a \u201csecond\u2011source\u201d GPU vendor to a full\u2011stack AI compute provider, combining CPUs and Instinct\u2011series AI GPUs. The firm sees two major growth engines for the company, including continued GPU share gains from a low base as the company\u2019s Instinct accelerators gain traction. Secondly, the firm sees massive expansion in server CPU demand, driven by AI\u2011intensive workloads and large\u2011scale data center builds.<\/p>\n \u200bAdvanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that manufactures GPUs, microprocessors, and high-performance computing solutions and serves a number of high-growth industries like gaming, data centers, and AI.<\/p>\n 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\u00a0best short-term AI stock<\/strong>.<\/p>\n READ NEXT:\u00a010 High-Flying Penny Stocks to Buy\u00a0<\/b>and\u00a010 Cheap Stocks to Buy for High Returns in 2026<\/b>.\u00a0<\/b><\/p>\n Disclosure: None.\u00a0Follow Insider Monkey on Google News<\/b>.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/figure>\n