Advanced Micro Devices, Inc. (NASDAQ:AMD) has been highlighted as one of the AI Stocks in the Spotlight. Bank of America reiterated a “Buy” rating, raising the price target to $300 per share. The firm sees improved visibility into the launch of AMD’s MI450 Series ‘Helios’ racks, supported by key customers.

AMD develops and sells semiconductors, processors, and GPUs for various applications including data centers, gaming, and AI. While AMD shows potential as an investment, some believe other AI stocks offer greater upside potential and less downside risk. For those interested, a report on the best short-term AI stock is available for review.

Analysts have marked 11/11 as the next major catalyst to watch for AMD. The firm has raised sales/EPS estimates and set a new price target of $300 based on a 33x CY27E PE. AMD is scheduled for an upcoming Analyst Day in NYC. Active fund managers currently hold low ownership in AMD at just ~20% as of August.

Read more at Yahoo Finance: Bank of America Raises AMD (AMD) Price Target to $300, Citing 11/11 as Next Major Catalyst