**Advanced Micro Devices (106% implied upside)** Rosenblatt analysts are optimistic about Advanced Micro Devices (AMD), projecting a 106% upside with a $250 price target. AMD, a key player in the semiconductor industry, produces GPUs and AI accelerator chips critical for generative AI applications. Although Nvidia currently leads in providing GPUs for advanced AI technology, AMD is considered a strong alternative, benefiting from the market's desire to avoid overreliance on a single supplier. In the past year, AMD saw impressive growth, especially in its data center revenue, which increased by 122% in the third quarter, largely driven by AI accelerators. The company's gross margin rose to 50%, boosting per-share profits by 31%. Analysts anticipate continued revenue acceleration in 2025 due to advancements in AI chip technology and increased customer adoption. AMD plans to launch new GPU models like the MI355X and the MI400 series soon, aiming to capture more market share from Nvidia. AMD's CPU business is also thriving, gaining server market share. Its fabless model allows rapid product development with minimal capital expenses. AMD shares currently trade at 24 times forward earnings expectations, suggesting great value given a forecasted 54% earnings growth next year. Rosenblatt sees earnings reaching $10 per share by 2026, supporting the $250 price target.

Even with a lower consensus of $6. 56 per share, shares could reach $164 by the end of 2025, offering 35% upside. **Dell (60% implied upside)** Dell, known for its PCs, is seeing rapid growth in its server business, which includes AI-optimized servers for data centers. Despite a recent stock dip after missing third-quarter revenue expectations, the growth potential remains strong. Loop Capital set a $185 price target on Dell, indicating 60% upside potential from current levels. Dell's Infrastructure Solutions segment saw 34% sales growth, with servers and networking up 58%. While Dell's PC segment struggled, management expects a market refresh next year, boosting growth. AI demand continues robust, with $3. 6 billion in AI server orders last quarter, and a 50% sequential increase in the sales pipeline. Dell trades at just 12. 2 times earnings expectations for fiscal 2026, a compelling price given an anticipated 20% earnings increase next year. **Investment Opportunity** The Motley Fool suggests this may be a rare chance to buy into potentially lucrative stocks. Previously, stocks like Nvidia, Apple, and Netflix saw massive returns for early investors. Now, they are issuing "Double Down" alerts for three promising companies, urging investors not to miss out on this opportunity. *Note: Adam Levy and The Motley Fool do not hold positions in these stocks, but The Motley Fool does hold positions in AMD and Nvidia. This information is up to date as of the end of 2024. *