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Aditya Raghunath

Analysts: AMD Stock Will ‘Close the Gap’ With Nvidia by 2026. Should You Buy AMD Stock Here?

AMD Nvidia Advanced Micro Devices Angelo Zino

Advanced Micro Devices (AMD) surged nearly 7% on Tuesday, June 24 following an upgrade from investment firm CFRA, which sees the semiconductor giant positioned to challenge Nvidia’s (NVDA) AI dominance by 2026.

CFRA analyst Angelo Zino upgraded AMD stock from a “Buy” to a “Strong Buy” rating while raising his price target from $125 to $165, citing multiple catalysts that could drive revenue growth. The upgrade centers on AMD’s upcoming MI400x launch and transition to rack-scale solutions, which Zino believes will help “close the competitive gap” with Nvidia in the lucrative AI accelerator market.

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