Every investor in Advanced Micro Devices, Inc. ( NASDAQ:AMD) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 71% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Advanced Micro Devices (AMD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

We recently published a list of top 10 most buzzing AI semiconductor stocks in 2024. Since AMD ranks higher in the list, it needs a deeper look. But first, let’s see what’s happening in the semiconductor industry with a special focus on AI.

At Computex 2024, AMD unveiled its Instinct accelerator roadmap that includes the new Instinct MI325X accelerator, which is planned to be available in fourth-quarter 2024. Instinct MI325X accelerator features 288GB of ultra-fast HBM3E memory that extends AMD's GenAI performance footprint.

An analyst from Evercore ISI Group persists with their Outperform rating on Advanced Micro Devices, maintaining a target price of $193. An analyst from Truist Securities persists with their Hold rating on Advanced Micro Devices, maintaining a target price of $162.

Advanced Micro Devices is very bullish about the potential for its AI Chip, the MI300X.