Analysts Remain Bullish on Advanced Micro Devices Despite Rumours of MI450-Series Chips Behind Schedule

Core Viewpoint - Advanced Micro Devices, Inc. (NASDAQ:AMD) is recognized as one of the top stocks to buy in 2026, with analysts maintaining a bullish outlook despite some concerns regarding the MI450-series chips [1][2]. Group 1: Analyst Ratings and Price Targets - UBS raised the price target for AMD from $300 to $330, citing strong demand for the MI450-series [1]. - Wells Fargo analyst Aaron Rakers reaffirmed an Overweight rating on AMD, maintaining a price target of $345, indicating confidence in the company's trajectory towards MI450-series ramp-up in the second half of 2026 [3]. - Among 58 analysts covering AMD, 79% rate the stock as a Buy, while 21% rate it as a Hold, with a median price target of $290.50, suggesting over 22% upside potential [4]. Group 2: Company Performance and Market Position - AMD shares have increased by over 100% over the past year, making it one of the most rewarding stocks during this period [4]. - The company is a leading semiconductor firm in the US, offering AI accelerators, x86 microprocessors, and GPUs, and operates in three segments: Data Center, Client and Gaming, and Embedded [5]. Group 3: Market Sentiment and Challenges - Despite the positive outlook from some analysts, reports from SemiAnalysis suggested that AMD's MI450-series chips are behind schedule, which led to a sell-off and a share price drop of over 6% on January 30 [2].