Advanced Micro Devices (AMD) up More Than 76% YTD, Is it Still a Buy?

Core Viewpoint - Advanced Micro Devices, Inc. (NASDAQ:AMD) is identified as one of the best quality stocks to buy before 2026, with a year-to-date increase of over 76.9% in share price [1]. Group 1: Company Developments - CEO Lisa Su met with the Chinese minister of industry and information technology, reaffirming AMD's commitment to deepen investments in China, which is expected to provide greater corporate opportunities for foreign enterprises [2]. - In fiscal 2024, China and Hong Kong generated approximately $6.2 billion in revenue for AMD, making it the company's second-largest market [3]. Group 2: Market Outlook - Wall Street analysts maintain a positive outlook on AMD, with Vijay Rakesh from Mizuho Securities reiterating a Buy rating while slightly lowering the price target from $279 to $277, and William Stein from Truist Financial also reiterating a Buy rating with a price target of $201.06 [4]. Group 3: Company Profile - AMD is a global semiconductor company that manufactures GPUs, microprocessors, and high-performance computing solutions, serving high-growth industries such as gaming, data centers, and AI [5].