Advanced Micro Devices (AMD): The Fastest Growing S&P 500 Stock to Buy Now

Jeff Lewis

Mon, May 18, 2026 at 11:18 AM EDT 1 min read

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the

10 Fastest Growing S&P 500 Stocks to Buy Now.

On May 13, 2026, BofA raised the firm’s price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $500 from $450 while maintaining a Buy rating on the shares. The firm updated its 2030 AI data center systems total addressable market estimate to about $1.7T from $1.4T previously, saying 2026 should remain a year of accelerating AI-related sales and returns on investment, while 2027 could benefit from improving token economics and efficiency as next-generation compute and memory architectures scale.

Meanwhile, Daiwa downgraded Advanced Micro Devices, Inc. (NASDAQ:AMD) to Outperform from Buy with a price target of $500, up from $250. The firm cited valuation following the stock’s roughly 150% gain over the past 60 days. Daiwa described AMD’s Q1 results and Q2 outlook as very strong but said the pace of share appreciation could moderate in the near term after the recent rally.

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor company serving global markets through its Data Center, Client and Gaming, and Embedded segments.

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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