14 hours ago 2

Truist Upgrades Advanced Micro Devices (AMD) to Buy, Lifts Price Target to $213

Sat, Aug 30, 2025, 9:15 AM 2 min read

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the AI Stocks Hit with New Analyst Ratings. On August 26, Truist Securities analyst William Stein upgraded the stock from Hold to Buy with a price target of $213.00 (from $173.00).

The rating upgrade reflects the booming demand from data centers and the accelerated momentum in the artificial intelligence (AI) sector. According to Stein, hyperscalers are increasingly considering AMD as a genuine partner instead of considering it as merely a “price check” against rival Nvidia.

The company is no longer a secondary player in the AI hardware race, noted Stein, anticipating that it will secure close to 10% of GPU market share overtime.

Stein has also increased his earnings per share (EPS) estimates, now anticipating a calendar year 2027 EPS of $7.89. Moreover, the company’s newly launched MI355 chip is likely to be a key driver of growth in the coming quarters.

“Constructive view from the field. For the last several years, our industry contacts (component buyers/sellers) have told us that hyperscale customers deploying AI were experimenting with AMD’s technology as a “price check” to NVDA (Buy), nothing more. Over the last month or so, contacts have increasingly noted that hyperscalers are working with AMD in a partnership manner, expressing true interest in deploying AMD at scale. We fine tune our model, establish CY27 EPS at $7.89, set our PT to $213 (up fr. $173), and upgrade to Buy.”

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops and sells semiconductors, processors, and GPUs for data centers, gaming, AI, and embedded applications.

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