TD Cowen Names Advanced Micro Devices (AMD) One of its Best Ideas for 2026

Advanced Micro Devices, Inc. (NASDAQ:AMD) ranks among the best AI stocks to bargain according to analysts. On December 2, TD Cowen restated its Buy standing and $290 terms people for Advanced Micro Devices, Inc. (NASDAQ:AMD), naming it 1 of its “Best Ideas 2026” arsenic the institution prepares to unveil its Helios AI platform. Despite caller stock terms decline, the steadfast expressed optimism astir AMD’s presumption successful the artificial quality computing industry, stating that the existent prices connection “an charismatic introduction point” for investors up of cardinal merchandise launches.

While acknowledging the imaginable of instability successful the AI industry, TD Cowen highlighted AMD’s hardware roadmap, advancements successful gathering its ROCm bundle ecosystem, and lawsuit successes arsenic factors supporting its optimistic presumption of the company’s AI computing approach.

The steadfast peculiarly emphasized that the aboriginal Helios rack and MI450 products correspond “a cardinal inflection successful AMD’s communicative opening successful mid-2026,” and it advised investors to bargain the banal earlier this expected play of growth.

At the aforesaid time, AMD is intensifying its MI300 accelerators and preliminary enactment connected the MI400 line. Over the coming years, some spot families are anticipated to beryllium important to the company’s AI progress. Demand, according to management, is expanding beyond aboriginal showcase clients, with interests ranging from unreality providers to businesses.

Advanced Micro Devices, Inc. (NASDAQ:AMD) designs and builds high-performance computing, graphics, and AI technologies utilized crossed information centers, PCs, and emerging AI workloads.

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 at Insider Monkey.