AMD ranks third in AI and data center stock picks
Advanced Micro Devices (AMD) is making strides in the AI chip market, with a strong position as a second option to Nvidia.
The company’s products are used in systems that train and run artificial intelligence, with its EPYC CPUs handling core data center computing and its Instinct GPUs designed for AI training and inference workloads.
Morgan Stanley recently raised its price target on AMD from $255 to $360, citing stronger semiconductor market conditions and rising demand across the chip sector.
The company’s shift towards solving the full AI infrastructure problem is seen as a key driver, with its MI355 GPUs and upcoming Helios rack systems expected to contribute to growth.