Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Top AI Stocks Taking Wall Street by Storm. On August 6, Barclays analyst Tom O’Malley raised the price target on the stock to $200.00 (from $130.00) while maintaining an “Overweight” rating.
O’Malley’s continued optimism toward AMD is driven by strong artificial intelligence trends in AMD’s data center business and continued market share expansion in its client segment.
AMD’s MI-series chips are moving toward approximately $2.3 billion in run rate as it nears the end of the current year. This, the firm believes, is creating a clear path to more than $10 billion in revenue in calendar year 2026. This excludes future contributions in China.
AMD’s AI Growth Story Gains Steam—Barclays Sees Room for More Upside
A financial analyst poring over market data, projecting the company’s futur investments.
Overall, the firm is bullish on AMD as it is positioned for multiple avenues of growth heading into 2026.
“Client is also showing leverage with ASPs up 42% Y/Y in June and expectations for continued share gains. The company acknowledged Client pull-ins in their prior guide for a flat 2H but is revising expectations for growth in Q3 and a flat Q4 off a higher base. There are multiple ways to win with this name into ’26 as Client and DC both hit their stride.”
Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.
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. READ NEXT: 10 AI Stocks Gaining Attention on Wall Street and Top 15 AI Stocks Taking Wall Street by Storm. Disclosure: None.