From Nasdaq: 2025-05-16 06:40:00

Zacks.com highlights stocks like AMD, NVIDIA, Bank of America, Microsoft, and Oracle in their Analyst Blog. With AMD’s recent deal with Saudi Arabia’s Humain, the competition with NVIDIA intensifies in the data center sector. Both companies stand to gain from Saudi AI initiatives, with NVIDIA’s stock price target raised by 27.8% to $166.10.

While AMD may not surpass NVIDIA, its Saudi AI deal and $6 billion share buyback program are positive indicators. However, AMD’s stock is pricey with a 28.7X forward earnings ratio. Brokers have raised AMD’s short-term price target to $128.03, but new entrants should wait for a more affordable price.

Zacks Investment Research identifies a top semiconductor stock with more room to grow than NVIDIA. With increasing demand for AI, ML, and IoT, the global semiconductor market is projected to reach $803 billion by 2028. Investors can download Zacks’ 7 Best Stocks for the Next 30 Days for free to stay informed.



Read more at Nasdaq: The Zacks Analyst Blog Highlights Advanced Micro Devices, NVIDIA, Bank of America, Microsoft and Oracle