After a strong rally earlier this year, Advanced Micro Devices (AMD) stock pulled back slightly, sliding more than 12% from its recent peak of $186.65. In its latest earnings report, AMD disclosed a year-over-year decline in artificial intelligence (AI) revenue within its data center segment. However, they see significant upside in AMD stock as the company executes on its AI roadmap and capitalizes on broader demand in its core businesses. The highest price target for AMD stock is $230, reflecting 40% upside from current price levels. AMD’s EPYC server processor portfolio has gained traction among cloud providers, enterprises, and telecom operators.