Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Trending AI Stocks on Wall Street. On July 23, Erste Group upgraded the stock rating from Hold to “Buy,” citing AMD’s growth outlook for 2025.
The firm particularly highlighted the accelerating demand for high-performance CPUs and GPUs in data center environments.
Moreover, Erste Group believes that AMD will increase its operating margin in the medium term, allowing it to accelerate its profit growth. Its stock price is also likely to rise based on its growth prospects in these markets.
A futuristic multi-server data center, symbolizing the advanced multicloud services.
AMD has an ever-expanding presence in the data center segment, competing fiercely than most of its competitors.
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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