Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among the 20 best fast growth stocks to invest in. Mizuho maintained its Outperform rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) and raised its price target from $135 to $152 on July 2.
In contrast to the average forecast of $7.40 billion and $0.49 per share, the firm revised its June quarter revenue projection to $7.40 billion and earnings per share to $0.47. Mizuho also kept its fiscal year 2025 revenue projection for AMD at $32 billion while marginally reducing its EPS forecast to $3.90 from $4.02.
Although software limitations continue to place Advanced Micro Devices, Inc. (NASDAQ:AMD) behind its primary rival NVIDIA, Mizuho stated that the demand for AI accelerators “remains strong” and that many hyperscalers are looking for alternate GPU vendors.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global leader in semiconductor technology. The company, which serves both commercial and consumer industries, focuses in designing cutting-edge computer processors and associated technologies.
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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