Advanced Micro Devices, Inc. (NASDAQ:AMD) named among 12 Best Long Term US Stocks to Buy Now. Cantor Fitzgerald maintains Overweight rating on AMD despite lowering price target to $300 from $350, citing strong AI tailwinds and promising macro backdrop supporting exponential growth in AI infrastructure spending and software improvements.

AMD shows strong momentum in AI buildout, with a tenfold increase in downloads for its ROCm platform following Nod.ai acquisition. Partnership with OpenAI to provide six gigawatts of computing capacity and collaboration on control software enhances appeal to large customers.

Competition with Nvidia remains intense. AMD expects data center revenue to grow 60% annually through 2030, banking on major AI hyperscalers adopting its technology stack. AMD designs high-performance computing, graphics, and AI technologies for data centers, PCs, and emerging AI workloads.

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Read more at Yahoo Finance.: Cantor Keeps Overweight on AMD Despite Target Cut, Citing Strong AI Tailwinds