Advanced Micro Devices Secures Top Spot in Bernstein's 14 Best IT Stocks to Buy for Long-Term Despite Reaffirmation of Hold Rating.

Bernstein reaffirms 'Hold' rating on Advanced Micro Devices (AMD) with a $140 price target, despite market share gains. The investment firm highlights AMD's strong momentum, particularly in its desktop unit share, revenue share, and server revenue share. Bernstein also notes AMD's upcoming MI4XX accelerator roadmap as a potential growth driver. However, the firm acknowledges potential AI stocks with greater upside potential and less downside risk.

On August 19, 2025, Bernstein reaffirmed its 'Hold' rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $140. Despite notable market share gains, the investment firm maintains a balanced outlook on the stock. Bernstein highlighted AMD's strong momentum, particularly in its desktop unit share, which rose to roughly 30.2%, and a 5-point increase in revenue share [1].

The analyst also noted that AMD's average selling prices grew by 8% quarter-over-quarter (QoQ) for notebooks and 2% for desktops, indicating the company's ability to outpace Intel in several areas. Additionally, AMD's server revenue share surpassed 40% for the first time, reflecting its growing presence in data centers [1].

Bernstein also acknowledged AMD's upcoming MI4XX accelerator roadmap as a potential growth driver, bolstering investor confidence. The company operates through its Data Center, Client and Gaming, and Embedded segments, positioning itself as a global leader in the semiconductor industry [1].

While Bernstein acknowledges the potential of AMD as an investment, it also notes that certain AI stocks may offer greater upside potential and carry less downside risk. The firm suggests considering an extremely undervalued AI stock that stands to benefit from Trump-era tariffs and the onshoring trend [1].

References:

[1] https://finviz.com/news/147958/bernstein-reaffirms-hold-rating-on-advanced-micro-devices-inc-amd-despite-market-share-gains