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Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the Best Fundamentally Strong Stocks to Buy Now. On May 12, Mizuho lifted its price objective on the company’s stock to $515 from $415 and kept an “Outperform” rating on the shares. As per the firm, agentic AI has been fueling server demand. The firm increased the semiconductor estimates after the March quarter earnings season.

In a separate release, Advanced Micro Devices, Inc. (NASDAQ:AMD) released its results for Q1 2026, with revenues coming at $10.3 billion, gross margin at 53%, operating income at $1.5 billion, and net income at $1.4 billion. It saw diluted EPS of $0.84. The company’s results were aided by accelerating demand for AI infrastructure, and the data center is the key driver of the company’s revenue and earnings growth. Advanced Micro Devices, Inc. (NASDAQ:AMD) continues to see healthy momentum, with inferencing and agentic AI fueling higher demand for high-performance CPUs and accelerators.

For Q2 2026, the company anticipates revenue to be ~$11.2 billion, plus or minus $300 million.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.

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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