AMD, INTC, or NVDA: Which Chip Stock Is Wall Street’s Best Pick?

Easing chip restrictions and trade negotiations have improved the sentiment for chip stocks, though worries about macro uncertainty and increased competition continue to be an overhang. Nonetheless, Wall Street remains bullish on some chip stocks, mainly due to robust demand for advanced chips to support the ongoing AI (artificial intelligence) boom. Using TipRanks’ Stock Comparison Tool, we placed Advanced Micro Devices (AMD), Intel (INTC), and Nvidia (NVDA) against each other to find the best chip stock, according to Wall Street analysts.

Advanced Micro Devices (NASDAQ:AMD)

Advanced Micro Devices stock has advanced 4% in the past month due to favorable news on chip export restrictions and tariffs. However, AMD stock is still down 3.5% year-to-date, as worries about macro woes and the company lagging the AI race continue to weigh on market sentiment.

Last month, AMD impressed investors with its upbeat first-quarter results, strong performance of the data center segment, and solid guidance. However, investors continue to await more aggressive growth in the AI space.  

At the Advancing AI event held on June 12, AMD CEO Lisa Su spoke about the company’s MI350 series and MI400 series AI chips, which are expected to compete with Nvidia’s Blackwell processors. Further, the MI400 series of chips will be the basis for AMD’s new server called Helios, which the company plans to release next year to compete with Nvidia’s NVL72 servers. However, the much-anticipated Advancing AI event failed to move AMD stock higher, as the chips discussed at the event might not immediately change the company’s competitive position.  

Is AMD Stock a Buy or Sell Now?

Following the Advancing AI event, Baird analyst Tristan Gerra reiterated a Buy rating on AMD stock with a price target of $140. The 4-star analyst noted that AMD raised its AI accelerator total addressable market (TAM) estimate to more than $500 billion by 2028, up from the prior estimate of $500 billion, representing over 60% compound annual growth rate (CAGR). The company expects the inferencing market to grow by above an 80% CAGR during this time.

The analyst noted the products showcased by the company, including the MI350 series, MI355x, and the Helios AI rack. He also mentioned the AMD Developer Cloud, which will provide users access to a fully managed cloud environment.

Overall, Wall Street has a Moderate Buy consensus rating on Advanced Micro Devices stock based on 22 Buys and 10 Holds. The average AMD stock price target of $127.93 indicates about 8% upside potential.

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Intel (NASDAQ:INTC)

Chipmaker Intel has been struggling in recent years due to the continued loss of share in the CPU market to AMD, a lack of innovation, strategic missteps, persistent delays in product launches, and instability in the management team.

While Intel CEO Lip-Bu Tan is trying to revive the business by improving efficiency, reducing costs, and launching new products, several analysts remain cautious on Intel due to the uncertainty about its turnaround, given the company’s unimpressive performance and poor execution in recent years. Also, investors are increasingly concerned about Intel losing the opportunity to capture the massive demand for advanced chips needed in AI models.

Is Intel Stock a Buy or Sell?

Recently, Deutsche Bank analyst Ross Seymore initiated coverage of Intel stock with a Hold rating and price target of $23. The 5-star analyst believes that despite the turnaround efforts, investors will still have to show patience, as Intel navigates macro uncertainties and company-specific headwinds related to high manufacturing costs and a lack of leading products. While Seymore has confidence in Tan’s leadership and the higher odds of a successful turnaround under his guidance, he pointed out the absence of formal details of his strategic vision.

Seymore believes that the road to Intel generating notable EPS/free cash flow remains unclear and highly dependent on a turnaround in the foundry business, which he contends is “no small feat.” He expects Intel to deliver EPS of about $2 by 2027 if the company successfully restructures its manufacturing processes, product roadmap, and customer wins in the foundry business.

Turning to Wall Street, Intel stock has a Hold consensus rating based on one Buy, 26 Holds, and four Sell ratings. The average INTC stock price target of $21.30 implies a modest upside of 2.5%. Intel stock has risen just 1.4% so far in 2025.

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Nvidia (NASDAQ:NVDA)

After struggling earlier in the year, Nvidia stock has risen about 10% over the past month, bringing the year-to-date gains to 6.4%. The company addressed investors’ concerns with its market-beating results for the first quarter of Fiscal 2026. Moreover, easing chip export restrictions and favorable agreements that eased trade war tensions helped improve investor sentiment.

Meanwhile, Nvidia continues to announce major deals that reflect robust demand for the company’s GPUs (graphics processing units) that are required for AI workloads. Notably, the company is focusing on international expansion to capture solid AI opportunities.

This week, Nvidia announced multiple partnerships with European countries and companies, under which it would offer AI infrastructure and software solutions. One of the notable partnerships is with French startup Mistral. Under this deal, the French company will build an AI cloud that will deploy 18,000 Nvidia Grace Blackwell chips, allowing businesses to develop and use AI via Mistral’s models.

Is NVDA Stock a Buy Right Now?

Following Nvidia’s GTC event in Paris, France, UBS analyst Timothy Arcuri reiterated a Buy rating with a price target of $175. The analyst stated that the Paris event reinforced that NVDA’s “demand funnel” is expanding from a handful of U.S. hyperscalers to sovereign states and brownfield industries, creating the possibility of upward revisions to estimates.

Arcuri noted that Nvidia now has a line of sight to about $1.5 trillion of AI infrastructure investment over the next several years, consistent with the company’s prior commentary on a pipeline of “tens of gigawatts” of projects within a 2 to 3 year timeframe and $40 to $50 billion of revenue per gigawatt of AI data center capacity. This, according to Arcuri, indicates Nvidia’s data center revenue in the range of $400 billion per year or about 2x his $233 billion estimate for calendar year 2026. He believes that such impressive estimates should address investors’ concerns around a near – or even medium-term EPS peak.

With 35 Buys, four Holds, and one Sell recommendation, Wall Street has a Strong Buy consensus rating on Nvidia stock. At $172.36, the average NVDA stock price target implies about 19% upside potential.

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Conclusion

Wall Street is sidelined on Intel stock, modestly bullish on AMD stock, and highly optimistic on Nvidia stock. Analysts see higher upside potential in Nvidia stock than in the other two chip stocks. Wall Street sees continued strength in Nvidia’s business, driven by its innovation, solid execution, and the demand for its advanced offerings in the ongoing AI wave.