Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Best US Tech Stocks to Buy. On April 29, Deutsche Bank reaffirmed its Hold rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $250. The research firm expects the company to report strong first-quarter results and provide solid guidance for the second quarter of fiscal 2026.
Deutsche Bank analyst Ross Seymore said investors will pay close attention to Advanced Micro Devices, Inc.’s (NASDAQ:AMD) EPYC server CPU performance, especially given the recent momentum in the data center computing space. The research firm estimates that the company’s EPYC segment will grow 10% quarter over quarter in both the first and second quarters. However, Deutsche Bank also noted that supply constraints are likely to be the main factor limiting growth in the company’s CPU business.
For Advanced Micro Devices, Inc.’s (NASDAQ:AMD) Instinct data center GPU segment, Deutsche Bank expects stable performance in the first half of 2026, with revenue of around $2.6 billion per quarter. The firm expects growth to accelerate to 30% in the third quarter and then 75% in the fourth quarter. Deutsche Bank forecasts this segment will reach $6.2 billion in the fourth quarter and a total of $15 billion for the full year.
It expects the company to maintain its gross margins above 55% for the first three quarters, before a combination-driven decline to 54.5% in the fourth quarter.
Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company that manufactures GPUs, microprocessors and high-performance computing solutions, serving a number of high-growth industries such as gaming, data centers and artificial intelligence.
While we recognize AMD’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
READ NEXT: The 10 Best FinTech Stocks to Invest in According to Billionaires and 10 Best Medical Stocks to Buy for Under $30.
Disclosure: None. Follow Insider Monkey on Google News.