Top Wall Street analysts suggest these 3 stocks for their long-term prospects
CNBC Top News ·

The earnings season has revived investors' interest in artificial intelligence trades. Robust spending and strong demand for AI infrastructure have reinforced analysts' confidence in several stocks. …
The earnings season has revived investors' interest in artificial intelligence trades. Robust spending and strong demand for AI infrastructure have reinforced analysts' confidence in several stocks. Top Wall Street analysts can help investors choose the right stock with strong long-term prospects, as these experts assign their ratings after evaluating all key aspects of a company's business and the macro backdrop. Here are three stocks favored by some of Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. Advanced Micro Devices Chip giant Advanced Micro Devices impressed investors with its market-crushing first-quarter results and solid guidance. The company now views its data center division as the "primary driver" of the growth in its revenue and earnings. AMD is confident about significant acceleration in its server growth, backed by AI-led demand. In reaction to the strong Q1 print, TD Cowen analyst Joshua Buchalter reiterated a buy rating on AMD stock and boosted his price target to $500 from $290. The analyst said that the notable rise in AMD's data center central processing unit guidance and rising confidence in data center graphics processing unit engagements addressed his concerns about elevated expectations. …
Original source: CNBC Top News