Quick Read – Microsoft deploying AMD’s Helios in Azure and 42 analyst Buy ratings back our $577 BUY target, implying 6% upside despite a 154% YTD run. – Bank of America’s $1,550 Micron Buy target validates AMD’s hyperscaler tailwind, while NVIDIA’s 23 forward P/E and 63% margins…
ghlight AMD’s premium valuation risk. – Polymarket prices a 73% chance AMD misses August 4 earnings, with a P/E of 164 and net insider selling pressuring an already stretched valuation. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and AMD didn’t make the cut. Grab the names FREE today
Bank of America’s semiconductor desk has been busy this week, and Advanced Micro Devices (NASDAQ:AMD) investors have every reason to pay attention. Analyst Vivek Arya added Micron Technology (NASDAQ:MU) to the firm’s “U.S. 1 List” with a $1,550 price target, a call that reads as a broader endorsement of the AI-memory-and-compute stack that AMD anchors. Combined with Microsoft’s decision to deploy AMD’s Helios Rackscale Solution in Azure by late 2026, the setup for AMD heading into its August 4 earnings report is unusually loaded.
Our 24/7 Wall St. price target for AMD is $577.42, implying 6.06% upside from the current $544.43. Our recommendation is buy, with high confidence at 90%. 24/7 Wall St. Price Target Summary A 154% YTD Run Meets an August Earnings Test AMD is up 154.22% year to date and 246.77% over the past year, closing yesterday roughly 7% below its 52-week high of $584.73 after an 8.11% single-session pop on July 21.