Advanced Micro Devices, Inc. (AMD) Stock Surges as Goldman Sees Big Earnings Coming
Yahoo Finance ·
Advanced Micro Devices, Inc. (AMD) Stock Surges as Goldman Sees Big Earnings Coming Fatima Gulzar Tue, July 14, 2026 at 5:45 PM EDT 2 min read AMD We recently published Ray Dalio Stock Portfolio: 10 Best Stocks to Buy . Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of Ray Dalio's best stocks to buy. On July 6, Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose 6.6% to $551.98 after Goldman Sachs raised its price target to $640 from $450. The firm reiterated a Buy rating. The analyst noted expectations for strong second-quarter earnings with solid guidance as well as sustained AI demand. The firm said the new target still implies about 16% upside despite the stock's gain of more than 300% over the past year. Analyst James Schneider wrote, "We see a constructive setup heading into the quarter driven by CPU demand for agentic AI and AI infrastructure spending." He said Goldman expects AMD to report strong second-quarter earnings in August. Schneider also noted, "Comments on new customer engagement should drive 2027 data center estimates and the stock higher," pointing to partnerships with Meta Platforms and OpenAI. He called Advanced Micro Devices, Inc. (NASDAQ:AMD)'s Advancing AI event on July 22-23 a "positive catalyst" and said the company will likely present a constructive outlook for server CPU demand. Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading semiconductor company working in high-performance computing and graphics solutions. 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 . READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None. Follow Insider Monkey on Google News .
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