Hedge funds are buying these two big tech stocks while selling two rivals
Investing.com - BofA Securities has reiterated its Buy rating and $300 price target on NASDAQ:AMD following the company’s 2025 Financial Analyst Day Event in New York City. Currently trading at $237.52 with a market capitalization of $386.69 billion, AMD shares have delivered a 65.37% return over the past year, though InvestingPro data suggests the stock may be trading above its Fair Value.
The semiconductor company outlined an expanded vision for the artificial intelligence market, projecting a total AI silicon total addressable market (TAM) exceeding $1 trillion by 2030 across CPUs, GPUs, NICs, and scale-up networking components. As a prominent player in the Semiconductors & Semiconductor Equipment industry, AMD has demonstrated strong momentum with 31.83% revenue growth in the last twelve months.
AMD aims to capture significant double-digit market share in this expanding AI sector, which could translate to more than $100 billion in annual data center revenue, up from its current approximately $16 billion.
The company expects to see new multi-gigawatt customer adoption beginning with its MI450 Series generation in the second half of 2026, with the upcoming AWS re:Invent event on December 1-5 potentially serving as a catalyst for new announcements.
Beyond AI initiatives, AMD forecasts its core business segments (Client, Gaming, Embedded) to grow at over 10% compound annual growth rate over the next 3-5 years, driven by continued market share gains and TAM expansion.
In other recent news, AMD has attracted attention from various analysts following its 2025 Analyst Day. Evercore ISI has increased its price target for AMD to $283, citing confidence in the company’s MI450 product ramps and market share gains. Jefferies reiterated its Buy rating and maintained a $300 price target, highlighting AMD’s positive outlook across all business segments and the projection of the AI silicon total addressable market reaching over $1 trillion by 2030. Meanwhile, Goldman Sachs maintained its Neutral rating with a $210 price target, noting AMD’s presentation of long-term financial targets that exceeded expectations, driven by anticipated growth in the Datacenter segment. These developments underscore the company’s strategic focus on AI growth and market expansion.
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