Advanced Micro Devices, Inc. (NASDAQ:AMD) receives an “Outperform” rating and a $337.00 price target from Raymond James. The firm believes AMD is a key AI beneficiary with potential $15B AI pipeline by 2026. AMD is well-positioned to compete with Nvidia in the GPU market and continue to gain market share.

Recent wins from OpenAI and Humain could be worth an estimated $15 billion by 2026. Analysts see AMD poised for sustained server and PC share gains. OpenAI deployments may encourage others to adopt AMD GPUs. The firm models 190K MI350 chips and 915K MI450 chips in FY27.

AMD develops and sells semiconductors, processors, and GPUs for various applications. While it presents investment potential, some AI stocks may offer greater upside potential with lower downside risk. For more information on AI stocks, check out the provided links. No disclosures are provided in the article.

Read more at Yahoo Finance: Raymond James Initiates Outperform on AMD, Citing Strong AI Pipeline and Market Share Gains