In this video, I will be talking about Advanced Micro Devices (NASDAQ: AMD), the recent analyst upgrades, its partnerships with Big Tech, and its third-quarter financials. You can find the video below but here are the highlights. AMD's $35 billion acquisition of Xilinx will be concluded in Q1 of 2022. Xilinx is the leader in field-programmable gate arrays and together they'll most likely take more market share from Intel. AMD recently got two upgrades. One is from KeyBanc, which upgraded to overweight from sector weight with a $155 price target. And another is from Goldman Sachs, where the analyst has a $170 price target on the stock. As far as partnerships with Big Tech, AMD does very well. Meta Platforms will use AMD chips to power the metaverse and help run its data centers. Tesla's new Model 3 and Model Y vehicles will be equipped with the new AMD Ryzen chip in 2022. And earlier this month AMD announced that Amazon Web Services has expanded its AMD EPYC processor-based offerings with the general availability of the new Amazon EC2 Hpc6a Instances, which are purpose-built for high-performance computing workloads in the cloud. With deals like these, investors can get excited for what is still to come. Last quarter, AMD reported earnings per share of $0.73, beating estimates of $0.67, and revenue of $4.30 billion, beating estimates of $4.12 billion. For the full insights, watch the video below and consider subscribing. *Stock prices used were the closing prices of Jan. 17, 2022. The video was published on Jan. 18, 2022. 10 stocks we like better than Advanced Micro DevicesWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Advanced Micro Devices wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 10, 2022 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Neil Rozenbaum owns Amazon and Tesla. The Motley Fool owns and recommends Advanced Micro Devices, Amazon, Intel, Meta Platforms, Inc., and Tesla. The Motley Fool recommends the following options: long January 2022 $1,920 calls on Amazon, long January 2023 $57.50 calls on Intel, short January 2022 $1,940 calls on Amazon, and short January 2023 $57.50 puts on Intel. The Motley Fool has a disclosure policy.Source