Advanced Micro Devices (AMD) up More Than 76% YTD, Is it Still a Buy?

​Advanced Micro Devices, Inc. (NASDAQ:AMD) is 1 of the Best Quality Stocks to Buy Before 2026. Advanced Micro Devices, Inc. (NASDAQ:AMD) has risen much than 76.9% year-to-date. The stock terms moved further up connected December 17, aft South China Morning Post reported the company’s seat and CEO, Lisa SU met with the Chinese curate of manufacture and accusation technology.

According to the report, Lisa Su affirmed the committedness to deepen its concern successful China. The main enforcement besides noted that China volition connection greater firm opportunities for overseas enterprises, including Advanced Micro Devices.

​This study comes arsenic President Trump released a connection suggesting eased export power connected Nvidia’s H200 chips and besides indicated imaginable relaxation for Intel and Advanced Micro Devices. This is an important update for the institution arsenic during fiscal 2024, China and Hong Kong combined generated astir $6.2 cardinal successful gross for the company, thereby making it the 2nd largest marketplace for AMD.

​That said, Wall Street besides maintains a affirmative outlook connected the stock. On December 19, Vijay Rakesh from Mizuho Securities reiterated a Buy standing connected the banal but somewhat lowered the terms people from $279 to $277. On the aforesaid day, William Stein from Truist Financial besides reiterated a Buy standing connected the banal with a $201.06 terms target.

​Advanced Micro Devices, Inc. (NASDAQ:AMD) is simply a planetary semiconductor institution that manufactures GPUs, microprocessors, and high-performance computing solutions and serves a fig of high-growth industries similar gaming, information centers, and AI.​

While we admit the imaginable of AMD arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.