Advanced Micro Devices, Inc. (NASDAQ:AMD) is a top Trending AI Stock on Wall Street. KeyBanc analyst John Vinh upgraded AMD to Overweight with a price target of $270.00 due to surging hyperscaler demand and strong server demand. Supply chain data shows AMD is almost sold out of server CPU for 2026 and may increase prices by 10-15% in 1Q26.

KeyBanc estimates AMD’s server CPU and AI GPU business will see strong growth, with AI revenues reaching $14-$15 billion this year. Server CPU is expected to grow at least 50% this year, with significant ramp-ups of MI355 and MI455 accelerators. AMD is set to recognize substantial revenue from MI455/Helios sales to ODM partner ZT Systems.

AMD develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications. KeyBanc acknowledges AMD’s potential but suggests other AI stocks may offer greater upside potential and less downside risk. For insight into an undervalued AI stock benefiting from tariffs and onshoring trends, see the free report on the best short-term AI stock.

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Read more at Yahoo Finance: AMD Gets KeyBanc Upgrade as Hyperscaler Demand Accelerates