Quick Read – Bank of America raised its Advanced Micro Devices (AMD) stock price target to $500 and maintained a Buy rating, citing a $1.7 trillion AI data center opportunity by 2030 driven by EPYC processor and MI accelerator gains. – Daiwa downgraded AMD to Outperform despite…
ising its target to $500, citing a 150% 60-day rally that stretched the stock to 154x trailing P/E. – Advanced Micro Devices’ powerful AI infrastructure fundamentals are colliding with extreme valuation levels after a 109% year-to-date rally, prompting Daiwa to advocate for consolidation before further gains despite bullish long-term prospects. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and AMD wasn’t one of them. Get them here FREE
The Wall Street debate over Advanced Micro Devices (NASDAQ:AMD) crystallized on May 13, 2026, when two major firms reached opposite conclusions on the same stock. Bank of America’s (NYSE:BAC) Vivek Arya raised his price target to $500 from $450 while reiterating a Buy rating, while Daiwa downgraded AMD stock to Outperform from Buy, even as it raised its price target to $500 from $250. The split captures the central tension in AMD stock right now: a powerful AI fundamental story colliding with a parabolic price move.
Notably, both firms arrived at the same destination. The disagreement centers on path and timing rather than the eventual destination for AMD shares. The analyst who called NVIDIA in 2010 just named his top 10 stocks and AMD wasn’t one of them.