Advanced Micro Devices, Inc. (NASDAQ:AMD) receives an upgrade from Truist Securities analyst William Stein, now rated Buy with a price target of $213.00, up from $173.00. The company is gaining momentum in the AI sector, with expectations to capture 10% of the GPU market share over time. Stein forecasts a 2027 EPS of $7.89.

The upgrade reflects increasing demand from data centers and a shift in how hyperscalers view AMD as a partner in the AI hardware race. AMD is no longer just a price comparison against Nvidia but a genuine consideration for deployment at scale. The newly launched MI355 chip is expected to drive growth in the future.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a key player in developing and selling semiconductors, processors, and GPUs for various applications, including data centers, gaming, AI, and embedded systems. While AMD shows promise, other AI stocks may offer greater upside potential with lower downside risk, according to analysts.

Read more at Yahoo Finance: Truist Upgrades Advanced Micro Devices (AMD) to Buy, Lifts Price Target to $213