The post Wall Street analyst updates AMD stock price appeared on BitcoinEthereumNews.com. Advanced Micro Devices’ (NASDAQ: AMD) long-term AI ambitions has received another vote of confidence from Wall Street after TD Cowen’s Joshua Buchalter reaffirmed his ‘Buy’ rating. To this end, the analyst assigned AMD a price target of $290. The new target represents a potential rally of about 35% from the last closing price of $215. AMD one-week stock price chart. Source: Finbold Despite the stock’s recent volatility, Buchalter argued that AMD is entering a transformative period, with its upcoming Helios rack-scale AI system expected to play a central role in reshaping the company’s competitive position. According to the analyst, AMD is approaching an inflection point that could materially strengthen its standing in the fast-growing AI accelerator market. Helios, paired with the next-generation MI450 chip and supported by AMD’s maturing ROCm ecosystem, is expected to mark a major step forward for the company as it courts hyperscalers and enterprise customers seeking alternatives in a market dominated by a single player. Buchalter sees mid-2026 as the moment when this ramp gains real momentum, a timeline he believes investors should be preparing for now. AMD’s upcoming volatility  He expects 2026 to be a volatile year as AMD moves from early Helios deployments to broader commercial adoption, but maintains that the long-term outlook is strong.  TD Cowen’s estimates point to sharply higher EPS as Helios scales and AMD’s AI strategy converts into meaningful revenue. He also views the stock’s current valuation as appealing given its earnings potential and recent pullback. The analyst added that AMD’s expanding product roadmap and strengthening partnerships reinforce confidence in its ability to compete in AI compute. With global demand for AI infrastructure still rising, he sees AMD well positioned to capture a substantial share of future spending. Wall Street bullish on AMD stock  Overall, AMD continues to enjoy strong… The post Wall Street analyst updates AMD stock price appeared on BitcoinEthereumNews.com. Advanced Micro Devices’ (NASDAQ: AMD) long-term AI ambitions has received another vote of confidence from Wall Street after TD Cowen’s Joshua Buchalter reaffirmed his ‘Buy’ rating. To this end, the analyst assigned AMD a price target of $290. The new target represents a potential rally of about 35% from the last closing price of $215. AMD one-week stock price chart. Source: Finbold Despite the stock’s recent volatility, Buchalter argued that AMD is entering a transformative period, with its upcoming Helios rack-scale AI system expected to play a central role in reshaping the company’s competitive position. According to the analyst, AMD is approaching an inflection point that could materially strengthen its standing in the fast-growing AI accelerator market. Helios, paired with the next-generation MI450 chip and supported by AMD’s maturing ROCm ecosystem, is expected to mark a major step forward for the company as it courts hyperscalers and enterprise customers seeking alternatives in a market dominated by a single player. Buchalter sees mid-2026 as the moment when this ramp gains real momentum, a timeline he believes investors should be preparing for now. AMD’s upcoming volatility  He expects 2026 to be a volatile year as AMD moves from early Helios deployments to broader commercial adoption, but maintains that the long-term outlook is strong.  TD Cowen’s estimates point to sharply higher EPS as Helios scales and AMD’s AI strategy converts into meaningful revenue. He also views the stock’s current valuation as appealing given its earnings potential and recent pullback. The analyst added that AMD’s expanding product roadmap and strengthening partnerships reinforce confidence in its ability to compete in AI compute. With global demand for AI infrastructure still rising, he sees AMD well positioned to capture a substantial share of future spending. Wall Street bullish on AMD stock  Overall, AMD continues to enjoy strong…