Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Stocks to Buy Now for High Returns.
Recently, on July 9, William Blair initiated Advanced Micro Devices, Inc. (NASDAQ:AMD) with a Market Perform rating without any price targets
The firm noted AMD to be among the major beneficiaries of the AI infrastructure boom as it sees more advanced models and growing inference and agentic use cases. Blair expects the company’s sales to grow from $52 billion in 2026 to over $104 billion in 2028 and non-GAAP EPS to reach $20 by 2028. Despite this optimistic outlook, the firm called the company’s GPU business an uphill battle against Nvidia.
The firm noted that while AMD is accelerating its product roadmap, competition from other hyperscalers is limiting meaningful gains for the shares. The firm noted that at 33 times 2027 earnings, the valuation of AMD properly balances strong AI demand against competitive and spending risks. Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions.