Several prominent analysts are weighing in on Advanced Micro Devices Inc. (NASDAQ:AMD) ahead of the company’s third-quarter results on Tuesday.

‘Exceptionally Positioned’ For The AI Supercycle

According to Bank of America analyst Vivek Arya, AMD is among the top beneficiaries of the multiyear AI infrastructure buildout, pointing to a decade-long cycle fueled by hyperscaler capex and productivity gains across the real economy.

Arya said the AI-driven semiconductor expansion is still in its early innings, potentially lasting "another year to two years and perhaps even till 2030." He emphasized that most infrastructure cycles, such as 3G and 4G, tend to span a decade or more during his recent appearance on CNBC’s ‘Closing Bell Overtime’ last week.

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He also referred to the company as being “exceptionally positioned,” alongside peers such as NVIDIA Corp. (NASDAQ:NVDA) to ride this multi-year tailwind.

Could Hit $300 ‘Relatively Quickly’

Analyst and investor Keith Fitz-Gerald, of the Fitz-Gerald Group, has a bullish outlook on AMD’s shares ahead of its third-quarter print.

He said, “I’m expecting this one to go to 300 relatively quickly,” while appearing on Fox Business’ “Varney & Co,” ...