AMD stock price surged over 4% after HSBC upgraded it to ‘Buy’ and raised the target price to $200, signaling nearly 40% upside. HSBC is now bullish on AMD’s MI300X and MI350 AI chips, which are gaining ground against NVIDIA’s GPUs. Big names like Meta, Microsoft, and OpenAI are adopting AMD accelerators, fueling growth in its AI business. With a $5 billion AI revenue target by 2025 and rising demand across hyperscalers, analysts believe AMD is well-positioned for a major run. Investor confidence is rising, and Wall Street is now betting on AMD to challenge NVIDIA in AI chips.