Key Points
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Empowering software and systems with the tools to make autonomous, split-second decisions is an estimated $15.7 trillion addressable opportunity by 2030.
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If this chipmaker is successful in prying away AI data center market share from Nvidia, its shares can soar 164%.
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Meanwhile, another analyst expects Wall Street’s buzziest AI stock to nearly sextuple by 2031.
- 10 stocks we like better than Advanced Micro Devices ›
No trend has captured the attention or capital of investors quite like the rise of artificial intelligence (AI). Empowering software and systems with the tools to make autonomous, split-second decisions is a technology that PwC analysts foresee adding $15.7 trillion to the global economy by 2030.
It’s also a technology that can make patient investors considerably richer. Based on the high-water price targets of two Wall Street analysts, chipmaker Advanced Micro Devices (NASDAQ: AMD) and Elon Musk’s Space Exploration Technologies (SpaceX) (NASDAQ: SPCX) can skyrocket up to 484%!
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Image source: Getty Images.
Advanced Micro Devices (AMD): Implied upside of 164%
You won’t find a bigger cheerleader for AMD on Wall Street than analyst Tristan Gerra of Baird. Gerra doubled his firm’s price target for the company in late July from $625 per share to $1,250, implying up to 164% upside from where shares closed out the Aug. 21 trading session.
Central to Gerra’s thesis is the potential for AMD’s Instinct graphics processing units (GPUs) to chip away at Nvidia‘s industry-leading data center market share. Gerra estimates that AMD’s AI GPU platform can reach $147 billion in sales by 2030, accounting for roughly 15% of the data center accelerator addressable market.
$AMD | Baird’s Tristan Gerra on 12 months his $1,250 PT🚨
Baird analyst Tristan Gerra raised his 12-month price target on Advanced Micro Devices (@AMD ) to $1,250 from $625 while maintaining an Outperform (Buy) rating. This became the Street-high target at the time.
The upgrade… https://t.co/e5J8boeFJs pic.twitter.com/nMUyafccF6
— Mike (@MikeLongTerm) August 17, 2026
In particular, Gerra highlighted the AMD Helios rack-scale solution as a viable alternative to Nvidia for Wall Street’s most influential hyperscalers.
But AMD’s biggest advantage is on the pricing front. Even after raising its GPU prices to account for insatiable enterprise demand, the company’s AI hardware comes in at a discount to Nvidia’s GPUs. This perceived value proposition can bolster AMD’s stock.
However, given the historical likelihood that AI will eventually endure a bubble-bursting event, a price target of $1,250 may be wishful thinking.
Image source: Getty Images.
SpaceX: Implied upside of 484% (by 2031)
Although Musk’s SpaceX isn’t just an AI company, its prospectus estimates that $26.5 trillion of its $28.5 trillion addressable market comes from AI. Perhaps it’s no surprise that Raymond James Financial analyst Brian Gesuale sees shares rocketing to the moon.
According to Gesuale, Space Exploration Technologies can launch to $800 by 2031, representing up to 484% upside from where shares closed out the Aug. 21 trading session. For those of you keeping score at home, this would value SpaceX at approximately $10.5 trillion.
$SPCX-SPACEX COULD SOAR 440%, SAYS RAYMOND JAMES
Raymond James launched SpaceX coverage with a Strong Buy rating and a Street-high $800 target, implying 440% upside.
The bullish outlook is driven by Starship, Starlink, and SpaceX’s potential as a global infrastructure giant….
— *Walter Bloomberg (@DeItaone) July 9, 2026
Gesuale’s model projects full-year sales catapulting from an estimated $38.5 billion in 2026 to around $837 billion in 2031. Five years from now, Raymond James’ analyst believes SpaceX can generate $696 billion in EBITDA. For this otherworldly growth to take shape, Gesuale sees SpaceX successfully scaling up Starship and launching massive data centers in space.
While CEO Elon Musk is great at captivating audiences with his visions, he has a poor track record of delivering on them. Several of his core promises at Tesla, where he’s also CEO, have gone unfulfilled, and that may be the case, once again, with SpaceX.
Furthermore, SpaceX isn’t particularly close to validating its operating model’s sustainability. The data center expansion at xAI is gobbling up a boatload of capital, and SpaceX’s combined operations are still losing money. More than likely, SpaceX will continue to lean on bond and/or dilutive stock offerings to fund its expansion, which may come at the detriment of its existing shareholders.
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Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Nvidia, and Tesla. The Motley Fool has a disclosure policy.
