Advanced Micro Devices Inc. (NASDAQ:AMD) is one of the best AI stocks to buy for 2026, according to billionaire David Tepper.
On May 6, analysts at Goldman Sachs and Bernstein upgraded Advanced Micro Devices Inc. (NASDAQ:AMD) after the company delivered solid first-quarter results driven by accelerating demand for AI infrastructure
Goldman upgraded the stock to a Buy and nearly doubled its price target to $450 from $240. The investment bank upgraded the stock, impressed by the tailwinds to the server CPU business around agentic AI. According to analyst James Schneider, AMD is staring at tremendous opportunities as agentic AI proliferates across enterprise and consumer workloads.
Bernstein also upgraded AMD to an Outperform from Market Perform and raised the price target to $525 from $265. The research firm expects AMD’s earnings to exceed $14 per share in 2027 and $20 per share by 2028. In the first quarter, the company delivered $10.25 billion in revenue and earnings of $1.37 above consensus estimates of $9.9 billion and $1.28, respectively.