Analysts Stay Bullish on AMD as AI GPU Momentum Builds Ahead of Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Analysts are Tracking Closely. On October 27, UBS reiterated its “Buy” rating on the stock with a $265.00 price target. The rating affirmation comes ahead of the company’s third-quarter results. The firm is bullish on the stock, driven by sustained GPU ramp, renewed server upgrades, and strong AI spillover effects. According to UBS, AMD’s Q3 performance is likely to approach the high end of the company’s $9 billion revenue guidance, driven ...