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Bank of America believes that shares of Advanced Micro Devices could rally from here. The bank reiterated its buy rating on the semiconductor stock and raised its price objective to $300 from $250. This revised forecast offers upside of nearly 28% from Advanced Micro Devices’ Thursday close. Shares of Advanced Micro Devices have rallied 94% this year. AMD YTD mountain AMD YTD chart As a catalyst, analyst Vivek Arya pointed to greater visibility into the deployment and ramp out look of AMD’s “Helios” rack-scale AI hardware platform following positive announcements at the 2025 Open Compute Project, or OCP Global Summit. Helios, which is expected to launch in the second half of next year, should be supported by key industry customers including Oracle, Meta and OpenAI. “Importantly, the Helios rack is now presented as a fully functioning rack, available to see in-person, as opposed to merely having a rack with a picture of components as was the case at the June Advancing AI Day event,” the analyst wrote. “The Helios rack is no longer a concept, but a reality as AMD showcased the real version at the OCP 2025 in San Jose, CA in October 2025.” The analyst noted that AMD is now behind all major open-standard AI networking ecosystems. He also applauded the fact that the company is now “supporting an ecosystem that is vendor-agnostic across CPU, accelerators, NICs, and switches.” Arya added that within both the personal computers and server central processing unit spaces, Advanced Micro Devices continues to maintain a strong competitive position against Intel. “Importantly over the last few years, INTC has consistently lost share in both product categories, largely due to products that have fallen behind in manufacturing node vs. AMD and ARM-based competitors which generally utilize TSMC’s N or N-1 latest nodes,” the analyst wrote. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
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