Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Fundamental Stocks to Invest in According to Billionaires. On April 24, DA Davidson upgraded the company’s stock to “Buy” from “Neutral” and increased the price objective to $375 from $220. The firm’s analyst highlighted a structural rise in CPU demand and improved visibility into Advanced Micro Devices, Inc. (NASDAQ:AMD)’s role in the broader data center buildout.

Starting the March quarter, the firm’s analyst expects strong upside to the company’s estimates. Furthermore, the firm believes that stronger-than-expected results from Intel hint that the broader CPU market is reaccelerating. The firm believes that Intel’s performance gives an early sign of the significant step-up for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s CPU franchise. The transition towards agentic AI workloads continues to result in strong demand for server CPUs.

Advanced Micro Devices, Inc. (NASDAQ:AMD) remains well-positioned to increase prices throughout the portfolio amidst expectations of demand outpacing supply.

Advanced Micro Devices, Inc. (NASDAQ:AMD) happens to be a leading semiconductor company. It specializes in high-performance computing and graphics solutions.

While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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