14 AI Stocks Catching Wall Street’s Attention

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9. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Number of Hedge Fund Holders: 107

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops semiconductors, providing processors and graphics technologies for gaming, data centers, and AI-driven high-performance computing. On April 8, TD Cowen analyst Joshua Buchalter maintained a “Buy” rating on the stock and lowered the associated price target to $110.00 from $135.00. The firm’s buy rating stems from its optimism in AMD’s potential for growth despite company issues and negativity in the computing sector.

Analysts believe that AMD’s upcoming launch of the MI355X mid-year will likely drive momentum in their data center GPU segment, positively impacting the stock. AMD also looks like an attractive opportunity, considering that its valuation is approximately 13 times the estimated 2026 earnings. This is a lucrative deal for investors considering potential traction in the data center GPU market. Even though tariffs are a concern, AMD is focused on capturing value in the AI sector and positioning itself as a feasible alternative to NVIDIA.

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