Advanced Micro Devices, Inc. (NASDAQ: AMD) is highlighted as one of the Buzzing AI Stocks on Wall Street, with Piper Sandler reiterating an “Overweight” rating and a $280.00 price target on December 15.

Analysts cite key AI catalysts in favor of AMD, including the upcoming Helios rack launch in the middle of next year, designed for massive AI and High-Performance Computing (HPC) workloads.

AMD plans to have a diverse set of customers in addition to OpenAI to bring acceptance for their technology, focusing on open standards across networking and software. The company is allocating resources towards Helios rack development.

While AMD shows potential as an investment, some AI stocks may offer greater upside potential with lower downside risk. Investors interested in undervalued AI stocks can explore opportunities in the market.

Read more at Yahoo Finance: Piper Sandler Reiterates Overweight on AMD, Sees AI Catalysts Ahead