Top 14 AI Stocks on Wall Street: News and Analyst Ratings

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 February 12, Vivek Arya from Bank of America Securities maintained a “Hold” rating on the stock. The analyst, after reviewing Q4 and calendar year 2024 CPU trends based on Mercury Research data, told investors in a research note that it sees a continuation of AMD (AMD) share gains over Intel (INTC) “across the board”. Intel did regain some shares of desktop units in Q4 but continued losing value share as it likely implemented competitive pricing versus AMD.

Bofa may be a hold on AMD, but several analysts such as Wells Fargo are bullish on the stock. On February 10, Wells Fargo reiterated a “Buy” rating on the stock with an associated price target of $140.00. The analyst is particularly bullish on AMD’s focus on expanding its data center GPU offerings, which is likely to enhance AI training capabilities significantly. The firm also discussed AMD’s momentum in the server CPU market, backed by strong enterprise demand and recovery in the cloud sector. This, the firm said, continues to be a key growth driver.