Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the Stocks That Will Double in the Next 5 Years.
Wall Street is bullish on Advanced Micro Devices, Inc. (NASDAQ:AMD) as 79% of the 56 analysts covering the stock maintain a Buy rating on the stock. Recently, on April 16, Bernstein raised the firm’s price target on the stock from $235 to $265, but maintained a Market Perform rating.
The firm noted that they expect stronger server demand to lead to weaker PC sales. Bernstein expects EPYC processor sales to rise about 50% year-over-year in 2026, while incorporating the Meta AI deal, which they believe consensus estimates underappreciate. Moreover, the firm also raised its Q1 2026 revenue estimates to $9.9 billion, up from $9.8 billion, with EPS at $1.27, up from $1.25, still below the broader consensus. For Q2 2026, the firm models $10.1 billion in revenue and $1.38 EPS, up from prior figures but under the consensus of $10.5 billion and $1.42.
Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.
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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