AMD Stock Is in the ‘Middle of a Historic Run.’ Is It Too Late to Buy Shares Here?

Momentum around semiconductor stocks is running high, and Advanced Micro Devices (AMD) is back in the spotlight. This follows a new partnership with HCLTech aimed at speeding up AI and cloud innovation. 

Wall Street has taken notice. Just this week, Melius Research upgraded AMD to “Buy” and hiked its price target to $175, citing the company’s strengthening position in AI inferencing and the potential for a sustained rally as new products hit the market. Other analysts have followed suit, pointing to AMD’s narrowing gap with Nvidia (NVDA) and its expanding customer base in high-growth segments like AI and cloud computing.