The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is included among the Dividend Stock Portfolio: Top 10 Stocks to Buy According to Reddit.

On June 17, Bernstein raised its price recommendation on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $600 from $525. It reiterated an Outperform rating on the stock. The firm expects AMD to benefit from stronger demand in the server market. Bernstein noted that its existing model for the company already reflected a healthier server CPU environment, resulting in only modest changes to its estimates.

A few days earlier, on June 12, Citi upgraded AMD to Buy from Neutral and increased its price target to $575 from $460.Analyst Atif Malik said the market is not fully recognizing the upside potential of AMD’s graphics processing unit business. In a research note, he described AMD as “emerging as a legit second source” in the GPU market. Citi believes the company is well-positioned to capture the “lion’s share” of opportunities at Meta. The firm also argued that investors continue to view AMD primarily as a central processing unit company, which it believes leaves room for further upside in the stock.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company focused on high-performance computing and artificial intelligence (AI). The company operates through its Data Center, Client and Gaming, and Embedded segments.

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.

READ NEXT: 12 Stocks From Companies Generating High Cash Flow and 12 Stocks with Highest Dividend to Invest In Now

Disclosure: None. Follow Insider Monkey on Google News.