Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the 10 Best Stocks to Buy in Glen Kacher’s Light Street Portfolio.
On July 6, 2026, Advanced Micro Devices, Inc. (NASDAQ:AMD) revealed a collaboration with Micro Center, a computer parts retailer. Through the collaboration, the company initiated the global launch of Ryzen AI Halo, a compact system that can run AI models with up to 200 billion parameters locally. Jack Huynh, SVP and general manager, Computing and Graphics Group, Advanced Micro Devices, Inc. (NASDAQ:AMD) stated:
With Ryzen AI Halo now shipping, developers have a powerful new platform to build the next era of agentic AI – the performance for ambitious workloads, the memory for larger models and the flexibility to move from idea to implementation without compromise.
In a separate move, Wells Fargo raised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) from $505 to $615 on June 30, 2026. The firm’s analyst maintained an Overweight rating on the stock. Wells Fargo cited raised estimates for AMD, driven by strong EPYC server CPU demand in addition to pricing upside. The firm maintains data center GPU forecasts above the Street consensus, increasing the 2027 and 2028 EPS projections to $13.40 and $18.75. Representing a market value of $44,602,231, Advanced Micro Devices, Inc. (NASDAQ:AMD) accounts for 8.35% of Glen Kacher’s Light Street Portfolio.
Founded in 1969, Advanced Micro Devices Inc. (NASDAQ:AMD) is a world-leading semiconductor company specializing in high-performance computing and graphics solutions. Based in California, the company is a formidable competitor in the AI accelerator market with its Instinct MI300 and newer series GPUs.
While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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