Bank of America Securities analyst Vivek Arya reiterated a Buy rating on Advanced Micro Devices yesterday and set a price target of $300.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vivek Arya has given his Buy rating due to a combination of factors, primarily driven by the promising outlook for Advanced Micro Devices (AMD) in the AI sector. The recent announcements at the 2025 OCP Conference have provided greater clarity on the deployment and growth prospects of AMD’s MI450 Series ‘Helios’ racks, which are expected to launch in the second half of 2026. Key partnerships with industry leaders like Oracle, Meta, and OpenAI further bolster confidence in AMD’s future performance.
Additionally, Arya highlights the potential for significant earnings growth, with projections indicating a substantial increase in sales and EPS by 2027. The anticipated deployment of AMD’s GPUs by OpenAI, even at a conservative 50% realization, suggests a notable increase in AMD’s AI accelerator market share. Despite some risks related to execution and competition, Arya maintains a positive outlook, supported by AMD’s strategic positioning and the potential for market share expansion.
In another report released on October 15, HSBC also maintained a Buy rating on the stock with a $310.00 price target.
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AMD in relation to earlier this year.