From NASDAQ:

Shares of Advanced Micro Devices (NASDAQ: AMD) have surged 159% in the past year, driven by strong demand for data center chips. Analysts at Mizuho Securities raised AMD’s price target to $235, a 12% increase. With a high forward P/E ratio of 57, investors are bullish on AMD’s growth potential in the AI market.

AMD’s recent launch of Instinct MI300 GPUs for AI workloads has fueled optimism for future revenue growth. The data center market is undergoing a long-term upgrade cycle to accommodate AI computing demands, with AMD positioned for significant market share. The company’s stock is expected to reach new highs as the AI infrastructure industry evolves.

Motley Fool’s Stock Advisor newsletter recommends investing in AMD, citing the company as one of the top 10 stocks for investors. Other stocks for potential investment opportunities are highlighted, encouraging investors to explore beyond popular choices. The newsletter’s successful track record underscores the potential gains for those who heed their advice.



Read more at NASDAQ: Advanced Micro Devices Stock Has 12% Upside, According to 1 Wall Street Analyst