Analyst Upgrades AMD Stock, Citing AI Momentum and 35% Upside Potential

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2025-06-24 06:27:01

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Advanced Micro Devices (AMD) is gaining ground in the AI semiconductor race, prompting Melius Research analyst Ben Reitzes to upgrade the stock to Buy and raise the price target to $175 from $110. The new target implies a 35% upside from current levels, reflecting improved positioning in AI since early 2024.

Demand for AMD's MI300 and MI350 AI chips is accelerating, with cloud providers and government-backed firms driving adoption. The upcoming MI400 series is already generating interest, suggesting the AI inferencing market remains undervalued in AMD's stock price. Shares have oscillated between $211 and $80 since 2023, but recent progress justifies higher valuations.

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