AMD has been upgraded to a 'Buy' rating by TD Cowen analyst Joshua Buchalter, who set a price target of $290 for mid-2026. This upgrade comes as AMD's stock has surged nearly 79% year-to-date, climbing from a low of $80 to approximately $215. Buchalter cited AMD's competitive position in the AI sector and its potential to rival NVIDIA, particularly as U.S. export restrictions impact NVIDIA's sales in China. The analyst emphasized AMD's forthcoming Helios rack AI system and MI450 chip as potential game-changers in the industry. The $290 price target suggests a 35% upside from current levels, reflecting confidence in AMD's strategic advancements in AI technology.