Investors should buy AMD’s stock now: This analyst explains why he changed his mind

Mizuho Securities analyst Vijay Rakesh, who previously held a neutral stance on Advanced Micro Devices (AMD), has upgraded his rating to "buy." This change is attributed to his improved outlook on the PC market, which is expected to rebound, and AMD's robust positioning in the artificial intelligence (AI) chip sector, particularly with its Instinct MI300X accelerators. The development arrives against a backdrop of shifting risk appetite, where investors are reassessing exposure to markets and weighing the second-order impact on adjacent sectors. Markets are watching AMD closely as the story develops. At the latest read, AMD price stood at 475.505, a -3.0235% move on the day, with a forward P/E near 178.8601 and a market capitalisation around $775B. Positioning across funds, options skew and credit spreads typically respond first; equity price action lags but tends to confirm the direction once volume returns. Readers should treat the immediate move as a sentiment proxy rather than a final verdict on fundamentals. For longer-horizon allocators the more important question is whether this changes the trajectory of cash flows, regulation or competitive dynamics. If it does, multiple compression or expansion follows; if it does not, the reaction fades within a few sessions and the prior trend reasserts itself. What to watch next: forthcoming earnings prints, central-bank guidance and any official commentary that either validates or pushes back on the market's interpretation. Reported by MarketWatch and contextualised by the Global Investing News desk under Mark Grundell.