Advanced Micro Devices, Inc. gains momentum with China expansion, AI adoption, and OpenAI ties. Click for my updated look at AMD stock ahead of Q2 earnings.

Advanced Micro Devices Inc.(AMD) may have more room to run, said Wells Fargo, which boosted its outlook for the chipmaker ahead of its quarterly earnings release. According to a CNBC report, the firm’s analyst Aaron Rakers lifted the stock’s price target to $185 from $120,

AMD just landed a new price target from HSBC — double the previous estimate — as confidence builds around its AI chip momentum.

The three major chip stocks in this analysis all look like they are going to give back a little bit of the gains that we saw on Tuesday. This is a market that is still reeling form the announcement that Nvidia can sell chips in China,

Shares of Advanced Micro Devices Inc. (NASDAQ:AMD) are trading higher Thursday afternoon after HSBC upgraded the stock from Hold to Buy and set a $200 price target.

HSBC upgraded Advanced Micro Devices (NASDAQ:AMD) to Buy and doubled its price target to $200 given a stronger-than-expected pricing power in its AI GPU lineup and growing confidence in the company’s data center roadmap.

Nvidia is the dominant player in AI infrastructure, but its size could limit some of its upside. AMD and Broadcom, meanwhile, have huge opportunities. Given their smaller sizes, the stocks have the potential to outperform Nvidia in the coming years.

Nvidia stock surged 4.47% in pre-market trading after the U.S. government cleared the company to resume H20 AI chip exports to China. This greenlight could recover billions in lost revenue after Nvidia took a $4.

HSBC analyst Frank Lee just upgraded Advanced Micro Devices (AMD) from “Hold” to “Buy,” doubling its price target from $100 to $200 per share, implying a 44.5% upside from the stock’s closing price of $138.44. This bullish call reflects AMD’s growing traction in the AI market, where it is positioning itself as a viable alternative to Nvidia.

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.