Track market-moving stories before they get noisy

Advanced Micro Devices, Inc. is now primarily an AI infrastructure company, with Data Center revenue representing 58% and growing 107% year-over-year. I am initiating AMD at Strong Buy, citing confirmed large-scale orders from Anthropic and Microsoft, and a forward P/E of 31x 2027 consensus earnings. AMD's forward growth is underpinned by robust guidance, third-party validation from Dell, and accelerating demand for inference workloads over training.

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Focus List Spotlight: Advanced Micro Devices (AMD - Free Report) Advanced Micro Devices has strengthened its position in the semiconductor market on the back of its strong product portfolio. Santa Clara, CA-based AMD generated revenues of $34.64 billion in 2025. The company reports operations under three segments – Data Center, Client and Gaming, and Embedded – which accounted for 48%, 42%, and 10% of revenues, respectively.

Since being added to the Focus List on May 19, 2025 at $117.17 per share, shares of AMD have increased 307.59% to $477.57. The stock is currently a #3 (Hold) on the Zacks Rank.

16 analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.24 to $7.49. AMD also boasts an average earnings surprise of 6.7%.

Earnings for AMD are forecasted to see growth of 79.6% for the current fiscal year as well.

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AMD stock surged 6% on Tuesday after Advanced Micro Devices said its total addressable market could reach $3 trillion by 2030, up from its previous estimate of roughly $2 trillion.

Shares rose 6.45% to $508.38, bringing their gains for the year to more than 120%.

The revised market opportunity reflects rising demand for graphics processing units (GPUs), central processing units (CPUs) and AI-enabled PCs, according to Chief Financial Officer Jean Hu.

AMD had estimated in July that its total addressable market could reach approximately $2 trillion by 2030.

Speaking at a conference on Tuesday, Hu said the figure could potentially reach as high as $3 trillion.

“This AI super investment cycle is at the very beginning, and over time, we're going to continue to see strong demand for AMD's product,” Hu said.

A key part of AMD’s outlook is the shift in AI workloads from model training toward inference, where AI models execute tasks after training.

According to a Citi summary of the event, AMD management said, “In the past twelve months, Inference has become the majority driver of AI computing,” with workloads also moving beyond basic chatbots toward more autonomous AI systems.

AMD expects its data center business to more than double next year.

The company plans to launch its next-generation MI450 GPU this quarter, with production expected to ramp up during the fourth quarter and into 2027.

The company is also benefiting from stronger demand for server CPUs.

Hu said AMD has increased supply in the constrained CPU market, supporting expected growth of more than 80% in the business during the second half of this year compared with the same period in 2025.

Server CPU growth is expected to exceed 70% next year.

AMD is also seeing strong demand for its rack-scale Helios systems.

Meta Platforms and two unnamed AI labs are anchor customers, and all three have provided demand forecasts above their initial purchase agreements.

Helios volume expectations for 2027 have already exceeded initial projections, while AMD is seeing additional demand from newer “neo-cloud” providers.

Data center GPUs currently generate profit margins below AMD’s corporate average.

However, growth in higher-margin server and embedded businesses has helped offset that pressure, with strong double-digit growth expected in the second and third quarters.

AMD is also developing its future AI accelerator pipeline.

Management said it is engaged with its three leading customers on next-generation MI500 and MI600 chips. The company has also disclosed a partnership with Cerebras and indicated plans to target the low-latency inference market.

AMD’s shares have gained more than 230% over the past year, although the stock has fallen nearly 5% over the past week and about 6% over the past month.

The decline has followed strong gains and comes as investors weigh valuation alongside risks including AI accelerator export controls, memory supply constraints and tariffs.

The company’s Gaming segment also remains a drag, with revenue down 31% year over year to $779 million.

Despite those risks, AMD has become a credible second source for AI computing, supported by 107% year-over-year growth in Data Center revenue and a 6GW GPU agreement with OpenAI.

The stock has five strong-buy ratings, 36 buys and 10 holds, with no sell ratings and an average price target of $613.84.

Investors will not want to miss my huge update for AMD (AMD +5.90%) stock.

AMD just crushed its AI earnings and the stock dropped anyway, leaving investors staring at a stock that may be deeply mispriced heading into 2027. The case for a 53% run from here is more credible than Wall Street is…

AMD (NASDAQ:AMD | AMD Price Prediction) just posted one of the cleanest AI beats of the year, and the stock got punished for it. Data Center revenue more than doubled year-over-year to $6.72 billion, non-GAAP gross margin expanded to 56%, and management guided Q3 revenue to roughly $13 billion.

Shares are still up 113.42% year to date, but they have gone sideways for a month. So the question I want to answer today: can AMD reach $700 per share in 2027?

Why AMD Shares Are Stuck Despite Blowout Numbers Even after the Q2 earnings report, AMD is down 4.96% over the past week and 5.69% over the past month. The complaint on the sell side is not growth. It is mix. Data Center AI carries gross margins slightly below the corporate average, and Jean Hu essentially confirmed that when she flagged product-mix pressure on future margin.

Gaming revenue was down 31% year-over-year to $779 million, and export controls on Instinct MI308 shipments to China resulted in roughly $440 million in net FY2025 charges.

Layer on a beta of 2.489 and you get exactly the kind of choppy price action we are seeing. Investors want proof the Helios ramp hits volume before they pay up further.

Wall Street Sees 34% Upside. Our Model Sees More Analyst consensus on AMD is decisively bullish. Of the analysts covering the stock, 5 rate it Strong Buy, 36 Buy, 10 Hold, and zero Sell, with a consensus target of $613.84. Our internal model lands slightly higher at a base case of $622.36, implying 36.08% upside, with a bull case of $645.23 and a confidence score of 0.9.

I think even that view is measured. With 80% bullish analyst sentiment and 2027 EPS estimates that have moved from $12.96 ninety days ago to $15.45 today, consensus is chasing, not leading. That is a setup where the stock can overshoot on the way up.

Path to $700 Per Share Here is the math. Reaching $700 from today’s price of $457.36 would require a gain of 53.1%. With forward EPS of $8.64, a price of $700 implies a forward P/E of 81x. Our base case of $622.36 already implies 79x, meaning the bold target requires just 1.6x of additional multiple expansion.

That is very achievable if EPS keeps compounding. Consensus 2027 EPS is now $15.45, with the high estimate at $19.96. Lisa Su went further on the call, saying AMD expects to “significantly exceed our $20 annual EPS target within our strategic timeframe.”

Catalysts are stacking: Helios ships this quarter and ramps into Q4, Anthropic committed to up to 2 GW of MI450 deployments, and Microsoft is scaling Helios on Azure. The 1.13 adjustment factor in our model reflects that momentum. The primary risk is Helios yields disappointing during the initial ramp.

Where AMD Trades Today vs Its Earnings Power At $457.36 against forward EPS of $8.64, AMD trades at roughly 53x forward earnings. That looks rich in isolation, but revenue grew 50.11% year-over-year last quarter and net income 163.42%.

Shares sit between a 52-week high of $584.73 and low of $149.22, and the 10-year return is a staggering 5,986.02%. If 2027 EPS lands at $15.45, today’s price is only about 30x forward-forward earnings. That is not expensive for the second AI accelerator franchise in the world.

Is $700 Realistic? My Verdict Reaching $700 in 2027 requires a 53.1% gain from here. I think it is a stretch, but a credible one.

Three things need to go right: Helios has to ship on schedule and ramp cleanly through 2027, MI450 deployments with OpenAI, Meta, and Anthropic have to translate into recognized revenue, and EPYC Venice needs to hold its server share gains.

What derails it? A yield stumble on Helios that pushes Data Center AI revenue a quarter or two to the right. The traits that mark a stock capable of this kind of run tend to show up years before the headlines, and we cataloged them in a free playbook here: The Next Nvidia Playbook. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how AMD could reach $700 in 2027.

Contact [email protected] for any questions or corrections.

California State Teachers Retirement System boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 58,272.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,436,775,740 shares of the semiconductor manufacturer’s stock after buying an additional 1,434,314,328 shares during the period. Advanced Micro Devices makes up approximately 2.3% of California State Teachers Retirement System’s investment portfolio, making the stock its 13th largest holding. California State Teachers Retirement System owned 88.01% of Advanced Micro Devices worth $834,637,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. JNBA Financial Advisors boosted its holdings in shares of Advanced Micro Devices by 142.9% in the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Luminist Capital LLC purchased a new position in shares of Advanced Micro Devices during the second quarter worth $46,000. BOK Financial Private Wealth Inc. acquired a new position in Advanced Micro Devices during the second quarter valued at $53,000. Toews Corp ADV purchased a new stake in Advanced Micro Devices in the second quarter valued at $66,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities analysts recently weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $700.00 price target on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Mizuho raised their price objective on Advanced Micro Devices from $615.00 to $625.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, August 3rd. Melius Research set a $660.00 target price on Advanced Micro Devices in a research note on Friday, July 24th. Finally, Bank of America increased their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $553.72.

Check Out Our Latest Stock Analysis on AMD Advanced Micro Devices News Summary Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AMD’s latest quarterly performance supports the bullish case: revenue rose 50% year over year to $11.5 billion, while data-center revenue increased 107% and represented 58% of total sales. Analysts cited strong AI partnerships, management’s favorable outlook and potential EPS doubling by fiscal 2027. AMD: Paying Up For A Ramp That’s Already Been Outlined Positive Sentiment: Coverage highlighting AMD’s possible Saudi AI expansion and broader infrastructure deployments argues that the stock could be undervalued on long-term cash-flow assumptions, despite expensive market-based multiples. AMD Stock May Be 24% Undervalued On Saudi AI Expansion Positive Sentiment: Technical commentary describes AMD’s recent consolidation as a bullish flag, with a potential breakout if momentum returns. The company is also being viewed as gaining ground in data-center chips relative to Intel. AMD Stock Forecast Neutral Sentiment: Brokerage coverage remains broadly constructive, with AMD receiving a consensus “Moderate Buy” rating, but this does not represent a new earnings or business catalyst. AMD Given Consensus Rating of Moderate Buy Neutral Sentiment: AMD’s IFA 2026 presentation promoted Strix Halo, Gorgon Halo and local “agentic AI” computing, while collaborations involving ASUS and secure-AI initiatives reinforce its positioning across edge, cloud and enterprise infrastructure. AMD IFA 2026 Keynote Negative Sentiment: Valuation is the main risk: analysts say much of AMD’s expected growth is already reflected in the stock, with a forward P/E near 60 times and limited room for execution disappointments. Could an Investment in AMD Double? Negative Sentiment: ARK Invest’s reported sale of approximately $72.8 million of AMD and purchase of roughly $53 million of Nvidia highlights investor preference for AMD’s larger rival. Zacks also downgraded AMD from “strong buy” to “hold.” Cathie Wood Cuts AMD and Puts Money Into Nvidia Insider Buying and Selling In other news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the sale, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Grasby sold 15,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the completion of the sale, the executive vice president owned 117,687 shares of the company’s stock, valued at $60,598,213.17. This trade represents a 11.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 232,577 shares of company stock worth $109,509,170 in the last ninety days. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices Price Performance Shares of Advanced Micro Devices stock opened at $477.57 on Monday. The business has a 50 day simple moving average of $499.20 and a two-hundred day simple moving average of $394.58. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The stock has a market capitalization of $779.62 billion, a P/E ratio of 122.77, a PEG ratio of 4.95 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The business’s revenue was up 50.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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AMD and NVIDIA both posted explosive AI quarters, but they are betting on opposite visions of how the AI economy will actually be won. One of those visions fits the next phase of the buildout far better than the market…

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AMD (NASDAQ: AMD | AMD Price Prediction) and NVIDIA (NASDAQ: NVDA) both posted blockbuster AI quarters this summer. AMD’s Data Center business more than doubled. NVIDIA’s did too, but on a base almost ten times larger. Both are chasing the same explosion in AI compute demand from opposite ends of the market, and their earnings reveal very different playbooks for how to win it.

Data Center Doubles Lift Both, But Only One Story Is Getting Told AMD’s Q2 FY2026 revenue hit $11.54B, up 50.1% year over year, with Data Center at $6.72B and up 107%. EPYC gained x86 server share, and Lisa Su said “Data Center revenue more than doubled year-over-year.” The Helios rack system is shipping, with Anthropic committing to up to 2 GW of MI450 Series GPUs and Microsoft deploying Helios on Azure.

NVIDIA is operating on a different plane. Revenue landed at $96.22B, up 105.8% year over year, and Data Center reached $89.02B. Vera Rubin is in full production, with Jensen Huang calling it “the fastest product ramp in NVIDIA’s history.”

Metric AMD Q2 FY26 NVIDIA Q2 FY27 Revenue $11.54B $96.22B Data Center YoY +107% +117% Non-GAAP Gross Margin 56% 75.0% Next Quarter Guide ~$13B $108B Platform Empire Versus Open Coalition Challenger NVIDIA is selling a closed AI factory. Huang framed it plainly: “NVIDIA is a platform, an entire AI factory platform that spans the entire AI lifecycle that you can use in any cloud.” The company is even layering revenue-sharing structures onto neocloud infrastructure to capture rental economics on top of hardware sales.

AMD is playing coalition builder. Helios pairs EPYC Venice, MI450 GPUs, and Pensando networking with open ROCm software, and management claims it delivers “Up to 30% more tokens per dollar than the competition.” That total cost of ownership pitch, combined with 50% more HBM per Helios rack, is exactly the argument the inference-heavy phase of the AI economy rewards.

Lens AMD NVIDIA Core Bet Open, memory-rich TCO Full-stack lock-in Key Risk China export controls, Gaming down 31% Supply-constrained through FY28 Inference Economics Will Decide Who Gains Share I will be watching Helios shipments through Q4 and Anthropic’s first gigawatt beginning in the first half of 2027. For NVIDIA, the tell is whether Vera Rubin actually reaches about 20% of data center revenue in Q3 and whether that $40 billion per gigawatt economic footprint holds as competitors close in.

Why AMD Looks Like the Sneakier AI Trade Right Now You can see the market is starting to notice. AMD is up 123% year to date, while NVIDIA has added 23.67%. If you want the safest AI franchise on the planet, NVIDIA still owns that title, and its 75% gross margin is hard to argue with. But I lean toward AMD for the next leg. The customer roster now includes Anthropic, Meta, OpenAI, and Microsoft, and the open-standard, memory-rich pitch fits where inference is heading (the same data-center buildout keeps pulling in the power, cooling, and networking names we rounded up in a free AI infrastructure report). I would change my mind quickly if Helios yields slip or HBM allocation tightens.

Contact [email protected] for any questions or corrections.

Advanced Micro Devices, Inc. posted record Q2 results, with revenue up 50% YoY to $11.54B, driven by data center strength. Management doubled CPU TAM expectations to $220B by 2030, projecting a 50% CAGR, but AMD's gross margins lag behind Nvidia's and Broadcom's. Despite robust EPS growth forecasts (58.3% CAGR through 2028), AMD trades at a premium P/E of 72x, above peers and historical averages.

In the second quarter of 2025, data center products generated about 42% of Advanced Micro Devices' (AMD +4.69%) revenue. Last quarter, they generated 58% -- $6.7 billion of the chipmaker's record $11.5 billion total.

Behind that shift is a simple growth gap. In the second quarter, data center revenue climbed 107% from a year earlier. Everything else AMD sells (client processors, gaming chips and embedded products) grew about 8% combined.

With a gap that wide, the mix shifts every quarter on its own.

My prediction: the segment passes 70% of AMD's revenue at some point in 2027, before the Helios rack ramp is finished. Here's the math, step by step, and what could break it.

Image source: AMD.

A widening spreadThe second quarter's 50% companywide growth blended two very different businesses. Data center, home to EPYC server processors and the Instinct graphics processing units (GPUs) behind artificial intelligence (AI) computing, more than doubled over the year, from about $3.2 billion to $6.7 billion. The rest of the company combined for about $4.8 billion. Client revenue, at $3.1 billion, was up 23%, embedded grew 19%, and gaming fell 31%.

Third-quarter guidance widens the gap. Management's guide calls for revenue near $13 billion in the third quarter -- about 41% growth, down from the second quarter's 50%. But chief financial officer Jean Hu said the company expects data center sales to accelerate in the second half of the year. In other words, nearly every incremental dollar in that guide is a data center dollar.

If everything outside data center simply holds near $4.8 billion combined, data center lands around $8.2 billion in the third quarter. That would be about 63% of revenue, five percentage points of mix shift in one quarter.

What does it take to get to 70%?For the segment to reach 70% of revenue, it has to grow to about 2.3 times the size of everything else AMD sells. Last quarter, it was about 1.4 times that size.

Run those two rates forward a year, with data center slowing from 107% to 90% and the rest still growing about 8%.

By the second quarter of 2027, the segment would be producing roughly $12.8 billion against about $5.2 billion for everything else. That comes to about 71% of revenue. And even a sharper slowdown to about 85% growth still gets there within a year.

Management is aiming higher than my scenario assumes. "Taken together, we now expect data center segment revenue to more than double year-over-year in 2027," CEO Lisa Su said on the company's second-quarter earnings call.

Helios, AMD's rack-scale AI system built on MI400 series chips, is in production, and Su said initial shipments are on track to begin late this quarter, with the ramp building through the fourth quarter and into 2027.

OpenAI has agreed to deploy 6 gigawatts of AMD GPUs, with the first gigawatt of MI450 series chips set to begin deploying later this year. Meta Platforms signed its own 6-gigawatt agreement, with first shipments on the same timeline. And Anthropic plans up to 2 gigawatts, with the first gigawatt beginning in the first half of 2027.

AMD's other businesses could get in the wayThe likeliest way this prediction fails isn't a data center stumble -- it's strength everywhere else.

Client revenue grew 23% in the latest quarter, a healthy rate hidden inside that combined 8% figure because gaming fell 31% alongside it. And at about $780 million a quarter, gaming may soon be too small for its declines to keep masking that.

A PC upgrade cycle could push client growth toward 30% while gaming stops falling, lifting the rest of the company to about 20% growth. Hold data center at 90%, and the segment sits near 69% of revenue by mid-2027, just under the line.

Of course, that outcome would be good for AMD. It would likely push the crossover out a quarter or two, still inside 2027.

But a Helios stumble is what breaks the prediction outright. If shipments slip and data center growth gets cut in half to about 50%, the segment could sit around 66% of revenue in mid-2027, and I think 70% waits until 2028.

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Ultimately, the spread between 107% and 8% is wide enough that the prediction doesn't need a best-case 2027. It survives a real data center slowdown, and a client revival mostly delays it.

Investors, I'd argue, are already pricing AMD like a data center company. The stock trades at about $474 as of this writing, or around 30 times what AMD is expected to earn in 2027.

The valuation looks reasonable next to 41% guided revenue growth, but a smooth Helios ramp is already baked into the price.

I expect the crossover to come around the middle of 2027, give or take a quarter.

Conway Capital Management Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 408.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,355 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,105 shares during the period. Advanced Micro Devices makes up 1.6% of Conway Capital Management Inc.’s investment portfolio, making the stock its 13th biggest holding. Conway Capital Management Inc.’s holdings in Advanced Micro Devices were worth $3,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Luminist Capital LLC bought a new position in shares of Advanced Micro Devices in the second quarter valued at $46,000. Cornerstone Financial Management LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $27,000. Sarver Vrooman Wealth Advisors acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Graney & King LLC bought a new position in Advanced Micro Devices in the 1st quarter valued at about $31,000. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices In other news, EVP Paul Grasby sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the completion of the sale, the executive vice president directly owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. This trade represents a 11.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Forrest Norrod sold 17,261 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $459.95, for a total value of $7,939,196.95. Following the sale, the executive vice president directly owned 373,317 shares in the company, valued at approximately $171,707,154.15. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 232,577 shares of company stock valued at $109,509,170. Company insiders own 0.50% of the company’s stock.

Advanced Micro Devices News Summary Here are the key news stories impacting Advanced Micro Devices this week: Positive Sentiment: AMD’s latest quarterly performance supports the bullish case: revenue rose 50% year over year to $11.5 billion, while data-center revenue increased 107% and represented 58% of total sales. Analysts cited strong AI partnerships, management’s favorable outlook and potential EPS doubling by fiscal 2027. AMD: Paying Up For A Ramp That’s Already Been Outlined Positive Sentiment: Coverage highlighting AMD’s possible Saudi AI expansion and broader infrastructure deployments argues that the stock could be undervalued on long-term cash-flow assumptions, despite expensive market-based multiples. AMD Stock May Be 24% Undervalued On Saudi AI Expansion Positive Sentiment: Technical commentary describes AMD’s recent consolidation as a bullish flag, with a potential breakout if momentum returns. The company is also being viewed as gaining ground in data-center chips relative to Intel. AMD Stock Forecast Neutral Sentiment: Brokerage coverage remains broadly constructive, with AMD receiving a consensus “Moderate Buy” rating, but this does not represent a new earnings or business catalyst. AMD Given Consensus Rating of Moderate Buy Neutral Sentiment: AMD’s IFA 2026 presentation promoted Strix Halo, Gorgon Halo and local “agentic AI” computing, while collaborations involving ASUS and secure-AI initiatives reinforce its positioning across edge, cloud and enterprise infrastructure. AMD IFA 2026 Keynote Negative Sentiment: Valuation is the main risk: analysts say much of AMD’s expected growth is already reflected in the stock, with a forward P/E near 60 times and limited room for execution disappointments. Could an Investment in AMD Double? Negative Sentiment: ARK Invest’s reported sale of approximately $72.8 million of AMD and purchase of roughly $53 million of Nvidia highlights investor preference for AMD’s larger rival. Zacks also downgraded AMD from “strong buy” to “hold.” Cathie Wood Cuts AMD and Puts Money Into Nvidia Analyst Ratings Changes AMD has been the subject of a number of analyst reports. Robert W. Baird set a $1,250.00 price target on Advanced Micro Devices in a research note on Friday, July 24th. The Goldman Sachs Group raised their target price on Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Citigroup upgraded shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a research note on Wednesday, July 22nd. Finally, Truist Financial boosted their price objective on Advanced Micro Devices from $478.00 to $594.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $553.72.

View Our Latest Stock Analysis on AMD

Advanced Micro Devices Trading Up 4.7% Shares of AMD opened at $477.57 on Friday. The firm has a 50 day moving average price of $499.20 and a 200-day moving average price of $393.27. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The firm has a market cap of $779.62 billion, a price-to-earnings ratio of 122.77, a PEG ratio of 4.72 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same period in the prior year, the business posted $0.48 EPS. Advanced Micro Devices’s quarterly revenue was up 50.1% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Advanced Micro Devices Company Profile (Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading Five stocks we like better than Advanced Micro Devices Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst

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AMD is shifting the paradigm from computers that just execute commands to Agentic AI that understands your goals. From the jaw-dropping Strix Halo and Gorgon Halo chips to running 125-billion parameter models locally on Windows, local compute is getting a massive upgrade.

AMD stock has pulled back over the past few months, falling from a high of $584.90 in June to around $456 currently. During this correction, the stock has gradually formed a bullish flag pattern, suggesting the potential for further upside in the coming months. This outlook is also broadly in line with analysts’ expectations.

The daily chart shows that the Advanced Micro Devices stock has remained in a strong downward trend in the past few months. It has formed a descending channel and dropped below the 23.6% Fibonacci Retracement level. 

The stock has also moved below the 50-day Exponential Moving Average (EMA), while the Percentage Price Oscillator (PPO) has remained below the zero line since June 30th. In theory, these technicals suggest that it has more downside to go in the near term. 

On the other hand, the ongoing descending channel occurred after a strong surge, a sign that it is now forming a bullish flag pattern, a common continuation sign in technical analysis. 

This pattern often leads to more gains over time, with the next key target to watch being at $584.90, its highest point this year. A surge above that level will point to more gains, potentially to $600.

AMD stock chart | Source: TradingView

AMD has several bullish catalysts that may boost its performance in the coming months. The most important one is that there are signs that the AI industry is seeing strong growth, and there are no signs of slowing down. 

Just this week, companies like Dell Technologies and HP Enterprise released strong numbers and boosted their outlooks. Dell’s revenues jumped by 58% in the last quarter to $47 billion, while HP Enterprise’s revenue soared to $12.2 billion from $9.1 billion in the same period last year.

READ MORE: Cathie Wood dumped $73 million of AMD and bought Nvidia stock: here’s why

Most notably, all of AMD’s biggest customers in the AI industry, like Meta Platforms, OpenAI, Microsoft, Oracle, and Anthropic, have signaled that they will continue spending.

Most importantly, AMD has a large market share in the GPU and CPU industries, which are benefiting from the AI boom. Its CPUs are popular amid the ongoing growth of AI agents.

The most recent results showed that AMD’s revenue jumped by 50% in the second quarter to $11.5 billion. Its gross margin jumped to 54% from 40% in the same period last year. This margin growth happened as the data center boom pushed prices higher. 

AMD’s data center revenue rose by 107% to $6.7 billion, while its embedded one rose by nearly 20%. Its client and gaming revenue rose by 6% to $3.8 billion. 

Analysts remain optimistic that AMD’s revenue growth will continue in the coming years. For this year, the estimate is that its revenue will come in at $50 billion, followed by $87.39 billion next year. 

This growth explains why analysts are bullish on the stock. Raymond James’ Simon Leopold hiked his target from $565 to $641, with his rating being a strong buy. 

BMO Capital Markets’ Harsh Kumar initiated his rating to outperform with the target of $550. Other top analysts with a bullish outlook are from Rosenblatt Securities, DA Davidson, TD Cowen, and Wells Fargo. 

Still, the company remains highly overvalued, with the forward price-to-earnings ratio being 60, much higher than other companies.

AMD (AMD -0.20%) stock has had a great run in 2026, rising by around 120% so far. But that information doesn't do investors much good in retrospect. What matters more is where the stock is heading from here, and how fast.

With how rapidly the AI build-out is progressing, many investors are looking to find stocks in this sector that have the potential to double in a year or two. So, could AMD double in just under two and a half years, by the end of 2028? 

Image source: The Motley Fool.

AMD's recent results have given investors hope Early in the AI arms race, AMD got crushed by its rival in the graphics processor unit (GPU) space, Nvidia (NVDA +1.80%). Nvidia already had the majority of the GPU market, and it took a massive early lead in AI data centers. It has yet to give up much of that dominant position. However, AMD has done well in recent quarters, and its growth rate is beginning to accelerate.

In Q2, AMD's growth rate rose to 50%, its fastest in nearly five years.

AMD Revenue (Quarterly YoY Growth) data by YCharts.

Its data center division drove that revenue growth, with revenue rising 107% year over year. However, there is a large asterisk next to that figure. During the second quarter of 2025, President Donald Trump halted all AI chip exports to China. In July 2025, Trump reversed course and lifted that export ban, but it still caused a temporary drop in AMD's revenue, so its revenue growth this year was artificially boosted. We'll have to see what Q3's revenue growth looks like to get a better idea of where the business stands, but AMD has made some deals with major AI companies to supply computing hardware, so not all of its sales gains are coming in relation to that temporary headwind.

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Late last year, AMD laid out its plan to deliver compound annual growth of 35% over the next three to five years, based on the expectation of its data center sales growing at an 80% compound annual rate over that time frame. AMD exceeded that pace last quarter, but that's no guarantee that it can sustain these growth rates.

If it hits those goals, it could be a great investment to own from here. However, a lot of anticipated growth is already baked into the stock price.

AMD's stock is far from cheap AMD trades for a lofty 120 times earnings. When you compare it to its larger peer, Nvidia, which only trades for about 30 times earnings, it looks incredibly expensive.

AMD PE Ratio data by YCharts

Nvidia is growing faster than AMD, so this mismatch doesn't make a ton of sense. Over the long term, these two should likely trade at similar valuations. So, setting a long-term price-to-earnings (P/E) ratio target of 30 for AMD makes sense.

Over the long term, management projects AMD will achieve a non-GAAP (adjusted) operating margin of at least 35%. If it has to pay about a 20% tax rate on those operating profits, that reduces its maximum profit margin to 28%. If AMD can achieve a 35% compound annual growth rate from now until 2028, that would result in revenue of $87.5 billion and profits of $24.5 billion. At a 30 times earnings valuation, that would give AMD a market cap of $735 billion.

The problem with that? AMD's current market cap is $768 billion. So, if AMD does exactly what it says it will do and the market assigns a multiple to the stock that is more in line with where the industry leader trades, AMD's stock will actually fall from here.

That shows how much optimism is already baked into AMD's stock price. As a result, I think investors should steer clear, because if you put $10,000 into AMD shares today, by the end of 2028, your position may be worth less than that.

Advanced Micro Devices, Inc. stock has consistently underperformed broader markets and its semiconductor peers in the past month, despite its robust Q2 earnings beat-and-raise, corroborated by Dell's latest results. Specifically, key OEM partner Dell has reaffirmed accelerating demand for both traditional and AI-optimized servers, with expectations for inference-led tokens to rise 87x towards 3,600 quadrillion tokens by 2030. This underscores incremental TAM expansion to AMD's recently raised AI accelerator and server CPU demand projections, as resilient enterprise server modernization converges with an accelerating inference cycle.

Flputnam Investment Management Co. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 11.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 101,666 shares of the semiconductor manufacturer’s stock after purchasing an additional 10,502 shares during the quarter. Advanced Micro Devices comprises approximately 0.7% of Flputnam Investment Management Co.’s investment portfolio, making the stock its 22nd largest holding. Flputnam Investment Management Co.’s holdings in Advanced Micro Devices were worth $59,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sarver Vrooman Wealth Advisors acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $27,000. Cornerstone Financial Management LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Graney & King LLC bought a new position in Advanced Micro Devices in the 1st quarter valued at about $31,000. Finally, Main Street Group LTD bought a new position in Advanced Micro Devices in the 1st quarter valued at about $33,000. Institutional investors own 71.34% of the company’s stock.

Key Headlines Impacting Advanced Micro Devices Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AMD’s AI infrastructure collaboration with Cisco and Saudi Arabia’s HUMAIN is gaining traction: MI355X-based systems are reportedly live and serving customers, with plans for an additional 250 megawatts beginning in 2027 and as much as 1 gigawatt by 2030. The buildout could create a significant long-term data-center revenue opportunity. AMD Saudi Arabia AI infrastructure Positive Sentiment: Several bullish commentaries argue that AMD could benefit from the next phase of AI spending, particularly inference workloads and server CPUs. One forecast sees the company potentially reaching a $2 trillion valuation by 2030, while analysts cited elsewhere see additional upside from current levels. AMD $2 trillion forecast Positive Sentiment: Tiger Global reportedly opened an AMD position while reducing its Alphabet stake, suggesting some institutional investors are rotating toward AI-chip exposure. Tiger Global AMD position Neutral Sentiment: AMD remains above a widely watched support level near $450, but technical coverage says higher U.S. interest rates are weighing on high-growth technology stocks and limiting near-term momentum. AMD technical levels and rates Negative Sentiment: J.P. Morgan reportedly views AMD as facing execution challenges relative to Nvidia. Nvidia’s investment in MediaTek and continued efforts to defend its AI-chip ecosystem also reinforce concerns that AMD must execute effectively to gain share. J.P. Morgan Nvidia versus AMD Negative Sentiment: Investors are also taking profits after AMD’s substantial 2026 advance. Commentary highlights valuation pressure, with the stock trading at a very high earnings multiple, while ARK Invest has continued reducing its AMD position. ARK Invest reduces AMD shares Insider Buying and Selling In related news, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 17,261 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $459.95, for a total transaction of $7,939,196.95. Following the sale, the executive vice president owned 373,317 shares of the company’s stock, valued at $171,707,154.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,577 shares of company stock worth $109,509,170 in the last ninety days. Corporate insiders own 0.50% of the company’s stock. Wall Street Analyst Weigh In A number of analysts have commented on the company. Evercore reissued an “outperform” rating and set a $579.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, May 19th. TD Cowen restated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Melius Research set a $660.00 target price on Advanced Micro Devices in a research report on Friday, July 24th. Oppenheimer downgraded Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday, May 6th. Finally, DA Davidson increased their price target on Advanced Micro Devices from $425.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.72.

Read Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Performance Shares of Advanced Micro Devices stock opened at $457.06 on Thursday. The business’s fifty day simple moving average is $501.61 and its 200 day simple moving average is $390.93. The firm has a market capitalization of $746.14 billion, a P/E ratio of 117.50, a price-to-earnings-growth ratio of 4.76 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the prior year, the company earned $0.48 EPS. The business’s revenue for the quarter was up 50.1% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading Five stocks we like better than Advanced Micro Devices Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real? GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).

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Advanced Micro Devices, Inc. is rated Bullish, leveraging Helios rack-scale systems and acquisitions to lead agentic AI inference and challenge Nvidia's CUDA moat. Multi-gigawatt hyperscaler contracts and a 30% tokens-per-dollar cost advantage underpin long-term EPS growth and margin expansion for AMD. Key risks include potential U.S. bans on Chinese optical transceivers, which could disrupt Helios rack deployments and compress AMD's high forward valuation.

Bluefin Capital Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 50,750 shares of the semiconductor manufacturer’s stock, valued at approximately $29,481,000. Advanced Micro Devices makes up about 7.4% of Bluefin Capital Management LLC’s portfolio, making the stock its 5th biggest holding.

A number of other hedge funds have also recently bought and sold shares of the business. Southpoint Capital Advisors LP increased its holdings in shares of Advanced Micro Devices by 50.0% in the 1st quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the semiconductor manufacturer’s stock worth $183,087,000 after acquiring an additional 300,000 shares during the period. Jefferies Financial Group Inc. increased its stake in shares of Advanced Micro Devices by 6,228.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock valued at $65,966,000 after purchasing an additional 303,154 shares during the period. Boomfish Wealth Group LLC bought a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $1,193,000. Dimensional Fund Advisors LP raised its holdings in shares of Advanced Micro Devices by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 5,142,516 shares of the semiconductor manufacturer’s stock valued at $1,045,954,000 after buying an additional 291,165 shares during the last quarter. Finally, Williamson Legacy Group LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $1,118,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Trending Headlines about Advanced Micro Devices Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AMD, Cisco and HUMAIN said AMD Instinct MI355X-based AI infrastructure is now live and serving customers in Saudi Arabia. The partners plan up to 250 megawatts of additional capacity beginning in 2027, potentially scaling to 1 gigawatt by 2030. The deployment provides tangible evidence of commercial AI demand for AMD’s GPUs and CPUs. AMD’s Instinct Systems Are Now Live in Saudi Arabia Positive Sentiment: Analysts remain broadly constructive, with a reported median price target of $490 and several targets above $600. Recent commentary also highlights AMD’s strong AI growth prospects and the possibility that optimization advances could make AMD-based inference systems more competitive with Nvidia’s offerings. AMD Stock Is Up 115% YTD Neutral Sentiment: AMD’s recent results remain a fundamental support: quarterly revenue rose about 50% year over year to $11.5 billion and exceeded expectations. However, investors are weighing that growth against a high valuation after the stock’s substantial advance. Negative Sentiment: A global bond selloff pushed long-term yields higher, pressuring high-multiple technology and semiconductor stocks. AMD declined alongside Nvidia, Intel and other chipmakers, indicating sector-wide risk reduction rather than a company-specific setback. Semiconductor Stocks Slide as Yields Rise Negative Sentiment: Valuation concerns are intensifying. Analysts question how much upside remains after AMD’s rapid rally, while tightening export controls and competition from Nvidia’s expanding edge-to-cloud ecosystem could limit future gains. AMD: There’s Little Upside Here Negative Sentiment: ARK Invest reportedly sold tens of millions of dollars of AMD shares while reallocating capital toward Nvidia and Broadcom. The move may reinforce short-term profit-taking concerns, although it represents one fund’s portfolio decision rather than a change in AMD’s fundamentals. Cathie Wood Sells AMD and Buys Another Chip Stock Insider Activity In other news, SVP Ava Hahn sold 2,993 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the sale, the senior vice president directly owned 26,623 shares in the company, valued at approximately $13,010,393.87. The trade was a 10.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total value of $7,111,200.00. Following the completion of the transaction, the executive vice president directly owned 160,979 shares of the company’s stock, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 232,577 shares of company stock valued at $109,509,170. 0.50% of the stock is owned by insiders. Wall Street Analyst Weigh In A number of research analysts have recently commented on the company. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a report on Friday, July 24th. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Sanford C. Bernstein restated an “outperform” rating and set a $650.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Finally, Argus upped their price target on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $553.72.

Check Out Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Price Performance Shares of AMD opened at $459.61 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. Advanced Micro Devices, Inc. has a twelve month low of $149.22 and a twelve month high of $584.73. The firm’s 50 day moving average price is $502.84 and its 200 day moving average price is $389.16. The firm has a market cap of $750.30 billion, a PE ratio of 118.15, a PEG ratio of 4.87 and a beta of 2.48.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter last year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 50.1% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current fiscal year.

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading Five stocks we like better than Advanced Micro Devices Dutch Bros Sell-Off Creates a Growth Opportunity NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat Is Abercrombie & Fitch’s Hot Streak Just Getting Started? Medtronic’s Stars Are Aligning for a Price Recovery Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).

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Denali Advisors LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,468 shares of the semiconductor manufacturer’s stock, valued at approximately $10,728,000. Advanced Micro Devices makes up about 1.1% of Denali Advisors LLC’s investment portfolio, making the stock its 10th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after purchasing an additional 2,970 shares during the last quarter. United Bank lifted its stake in shares of Advanced Micro Devices by 22.0% during the second quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock valued at $1,881,000 after acquiring an additional 2,392 shares during the period. Finally, Schnieders Capital Management LLC. lifted its stake in shares of Advanced Micro Devices by 361.0% in the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock valued at $1,310,000 after purchasing an additional 7,228 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance NASDAQ AMD opened at $459.61 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03. The company has a fifty day simple moving average of $502.84 and a 200 day simple moving average of $389.16. The company has a market cap of $750.30 billion, a P/E ratio of 118.15, a PEG ratio of 4.87 and a beta of 2.48. Advanced Micro Devices, Inc. has a 12-month low of $149.22 and a 12-month high of $584.73.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, beating the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current fiscal year. Insider Buying and Selling In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 15,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $514.91, for a total transaction of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares in the company, valued at $60,598,213.17. This represents a 11.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Jean X. Hu sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This trade represents a 8.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 232,577 shares of company stock worth $109,509,170 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on the company. Wolfe Research set a $450.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, June 15th. Wall Street Zen raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Oppenheimer downgraded Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a research report on Wednesday, May 6th. Finally, Seaport Research Partners upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $553.72.

Read Our Latest Stock Analysis on Advanced Micro Devices

Key Advanced Micro Devices News Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AMD, Cisco and HUMAIN said AMD Instinct MI355X-based AI infrastructure is now live and serving customers in Saudi Arabia. The partners plan up to 250 megawatts of additional capacity beginning in 2027, potentially scaling to 1 gigawatt by 2030. The deployment provides tangible evidence of commercial AI demand for AMD’s GPUs and CPUs. AMD’s Instinct Systems Are Now Live in Saudi Arabia Positive Sentiment: Analysts remain broadly constructive, with a reported median price target of $490 and several targets above $600. Recent commentary also highlights AMD’s strong AI growth prospects and the possibility that optimization advances could make AMD-based inference systems more competitive with Nvidia’s offerings. AMD Stock Is Up 115% YTD Neutral Sentiment: AMD’s recent results remain a fundamental support: quarterly revenue rose about 50% year over year to $11.5 billion and exceeded expectations. However, investors are weighing that growth against a high valuation after the stock’s substantial advance. Negative Sentiment: A global bond selloff pushed long-term yields higher, pressuring high-multiple technology and semiconductor stocks. AMD declined alongside Nvidia, Intel and other chipmakers, indicating sector-wide risk reduction rather than a company-specific setback. Semiconductor Stocks Slide as Yields Rise Negative Sentiment: Valuation concerns are intensifying. Analysts question how much upside remains after AMD’s rapid rally, while tightening export controls and competition from Nvidia’s expanding edge-to-cloud ecosystem could limit future gains. AMD: There’s Little Upside Here Negative Sentiment: ARK Invest reportedly sold tens of millions of dollars of AMD shares while reallocating capital toward Nvidia and Broadcom. The move may reinforce short-term profit-taking concerns, although it represents one fund’s portfolio decision rather than a change in AMD’s fundamentals. Cathie Wood Sells AMD and Buys Another Chip Stock (Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

See Also Five stocks we like better than Advanced Micro Devices Dutch Bros Sell-Off Creates a Growth Opportunity NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat Is Abercrombie & Fitch’s Hot Streak Just Getting Started? Medtronic’s Stars Are Aligning for a Price Recovery Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).

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Advanced Micro Devices, Inc. delivered strong Q2 results with 50% revenue and 82% EPS growth, driven by data center strength. Despite robust growth and guidance above consensus, gross margin is guided flat at 56% due to HBM4 cost pressures. Valuation remains elevated with a non-GAAP P/E of 81.72 and FCF yield at 1.1%, but the forward earnings outlook is more favorable post-drawdown.

AMD has already surged triple digits this year while Alphabet trades at a bargain valuation despite exploding cloud growth, and choosing between them now could define your AI portfolio returns through 2030.

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Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) and Alphabet (NASDAQ:GOOG) both delivered blockbuster Q2 FY2026 results, yet they tell very different AI stories.

AMD is riding a hardware supercycle led by Instinct and EPYC. Alphabet is monetizing AI through Search, Cloud, and Gemini while pouring cash into infrastructure. Comparing them now matters because the market has priced one as an AI hero and the other as a value stock hiding in plain sight.

Instinct Accelerates for AMD, Cloud Explodes for Alphabet AMD posted revenue of $11.5 billion, up 50% year-over-year, with Data Center revenue growing 107% to a record $6.7 billion. CEO Lisa Su told investors “Customer pull for Helios is very strong and tracking ahead of our initial forecasts.” The Anthropic commitment for up to two gigawatts of MI450 series GPUs in Helios shows the scale of what is coming.

Alphabet countered with revenue growth of 24% year-over-year and Google Cloud revenue of $24.8 billion, up 82%. Sundar Pichai highlighted that nearly 90% of Fortune 100 companies use Gemini Enterprise, while cloud backlog swelled to $514 billion. That backlog is a queue of committed demand AMD simply cannot show on its balance sheet.

Business Driver AMD Alphabet Q2 revenue growth 50% 24% AI growth engine Data Center +107% Google Cloud +82% Quarterly CapEx $808M $44.9B Pure Silicon Play vs. Full Stack Empire AMD’s bet is narrow and deep. Helios rack-scale systems combine EPYC Venice CPUs, MI450 GPUs, Pensando networking, and Rackham software, delivering up to 30% more tokens per dollar than the competition.

Su expects the data center AI accelerator market to grow more than 45% annually to approximately $1.4 trillion by 2030. The risk is concentration. Gaming revenue fell 31% year-over-year, and hardware demand can turn quickly.

Alphabet’s bet is wider. It sells Gemini APIs processing 22 billion tokens per minute, custom TPUs shipped into customer data centers, ad tools where AI Max was adopted by half a million advertisers, and YouTube reach.

Pichai framed it plainly: “The model is just an ingredient in those solutions.” The downside is capital intensity, with free cash flow at negative $5.86B and buybacks suspended.

Valuation Gap Could Decide the Race The valuation spread between these two names is stark. AMD trades at a P/E of 175 with a forward P/E of 65. Alphabet trades at a P/E of 14. AMD has ripped 117.4% year-to-date. Alphabet is up only 9.41%.

I want to see whether AMD’s server CPU business can hit management’s target of more than 80% year-over-year growth in the second half of 2026, and whether Alphabet can convert its $514 billion backlog into margin without cloud margins slipping.

Why Alphabet Looks Like the Sneakier AI Bet to Me Personally, I lean Alphabet. Paying 14 times earnings for a business growing Cloud at 82%, sitting on a half-trillion-dollar backlog, and monetizing AI in ads today feels mispriced against a semiconductor cycle that has already delivered a 176.18% one-year gain for AMD.

Growth-oriented investors with tolerance for volatility get the sharper upside on the Helios ramp with AMD. For investors seeking AI exposure without paying 65 times forward earnings, Alphabet quietly looks like the surprise winner hiding behind the louder chip narrative. And if the real money in this cycle sits with the power, cooling, and networking suppliers feeding both companies, we pulled seven of them into a free AI infrastructure report.

Contact [email protected] for any questions or corrections.

AMD has already doubled in 2026 while Lisa Su insists the AI buildout is barely getting started, but a sky-high valuation and tightening export controls raise the question of whether the real gains are still ahead or already behind us.

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AMD (NASDAQ:AMD | AMD Price Prediction) has become the surprise heavyweight of the 2026 AI trade. The stock has more than doubled year to date, Data Center revenue has crossed the $6 billion quarterly mark, and Lisa Su just told investors AMD is still in the “early stages of a multi-year AI adoption cycle.” That leaves one question for shareholders: how much more upside is left?

Our 24/7 Wall St. price target for AMD is $628.27, implying 34.94% upside from the current $465.58 print. Our recommendation is buy at 90% confidence.

The combination of Helios ramping, EPYC share gains, and multi-gigawatt AI commitments from Anthropic, OpenAI, Meta, Microsoft, and Oracle is not fully reflected in current levels.

24/7 Wall St. Price Target Summary Metric Value Current Price $465.58 24/7 Wall St. Price Target $628.27 Upside 34.94% Recommendation BUY Confidence Level 90% How AMD Got to $465 and Why the Story Just Changed AMD is up 117.4% year to date and 176.18% over the past year, though shares dipped 1.62% over the past week. The August Q2 report showed revenue of $11.54 billion grew 50.1% year over year, non-GAAP EPS of $1.66 beat consensus, and Data Center revenue hit $6.7 billion, up 107%.

Management guided Q3 to approximately $13 billion, a 41% jump. The next earnings report is November 3, 2026.

Why Bulls See a Breakout Ahead Lisa Su expects the data center AI accelerator TAM to grow “more than 45% annually to approximately $1.4 trillion by 2030” and said data center revenue will “more than double year-over-year in 2027.” Customer commitments back that up: 2 gigawatts of MI450 GPUs at Anthropic, 6 gigawatts at Meta, 6 gigawatts at OpenAI, and Oracle’s 50,000-GPU supercluster.

All of that compute has to be powered, cooled, and networked by somebody, which is the whole premise of a free report we put together on seven AI infrastructure suppliers behind the buildout: 7 Stocks Powering the AI Boom (That Aren’t Chipmakers). Server revenue is expected to grow more than 80% year-over-year in H2 2026. Our bull-case model targets $651.55.

Risks Worth Watching AMD trades at trailing P/E of 175 and price-to-free-cash-flow of 113. Free cash flow of $1.56 billion declined 9.89% year over year in Q2 despite revenue surge, as capex jumped 186.52%. Bulls counter that heavy investment supports the Helios ramp.

Other risks include U.S. export controls on MI308 shipments to China, 31% Gaming decline, and Reddit chatter around chip tariffs. Our bear scenario points to $480.08.

How AMD Compares to NVIDIA and Intel NVIDIA (NASDAQ:NVDA) is the direct AI accelerator rival. NVIDIA trades at P/E of 44 against AMD’s 175, with Q2 revenue of $96.22 billion and net margins near 55.6%. AMD emerges as the higher-multiple, higher-growth challenger, making our target dependent on AMD closing the profitability gap as Helios scales.

Intel (NASDAQ:INTC) is the CPU counterpoint. Intel’s Q2 Data Center and AI segment grew 59% to $6.26 billion, roughly matching AMD’s Data Center scale, yet Intel remains unprofitable on a trailing basis. AMD’s 49.5% gross margin dwarfs Intel’s 34.8%. Against this peer set, the 24/7 Wall St. price target looks reasonable.

Company P/E Gross Margin AMD 175 49.5% NVIDIA 44 71.1% Intel N/M 34.8% I’d Buy It Here The 24/7 Wall St. price target of $628.27 is a buy at 90% confidence. Lisa Su’s guidance that data center revenue will more than double in 2027, backed by named gigawatt-scale customers, is the tipping factor.

The setup strengthens if November earnings confirm Helios ramp visibility. The thesis weakens if China export controls widen or FCF continues to compress into 2027.

Year 24/7 Wall St. Price Target 2026 $505 2027 $628 2028 $790 2029 $893 2030 $1,025 These projections assume AMD executes on the Helios roadmap and captures share of Su’s $1.4 trillion accelerator TAM. Significant downside could come from NVIDIA counter-ramp on Vera Rubin or intensifying U.S.-China chip restrictions.

Contact [email protected] for any questions or corrections.

10.65K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

September begins tomorrow, and for shareholders of Advanced Micro Devices (AMD +1.10%), the month arrives with a track record worth knowing. Over the past decade, September has been the chipmaker's least friendly month by a wide margin: the stock fell in eight of the past 10 Septembers, with a median decline of about 5%.

A pattern built on 10 data points deserves skepticism. But it also deserves an honest look, because the numbers say the weakness isn't entirely the market's fault.

Here's the full record, and what I'd take from it, with shares around $467 as of this writing.

Image source: Getty Images.

Ten Septembers, eight declinesAMD fell in the Septembers of 2016 (down about 7%), 2017 (down 2%), 2019 (down 8%), 2020 (down 10%), 2021 (down 7%), 2022 (down 25%), 2023 (down 3%) and 2025 (down less than 1%). It rose just twice, jumping 23% in 2018 and 10% in 2024.

Those figures come from month-end closing prices, and AMD pays no dividend, so the price change is the whole return.

For perspective, September is not what a normal AMD month looks like. Across all 120 months of that decade, the stock's median month was a gain of about 1.6%, and 63 of the 120 finished higher. September's median was a 5% decline.

The worst of the bunch, 2022's 25% plunge, landed in a year when the stock lost more than half its value. And the best, 2018's 23% jump, capped a run that had the stock up about 200% for that year by the end of September. In other words, the extremes came in years when everything about the stock was extreme. September just happened to be along for the ride.

The market shares only part of the blameA fair test asks how the broader market did over the same 10 months. The S&P 500 (^GSPC -0.33%) fell in five of those Septembers and rose in the other five, and its median September move was roughly flat. So the index's September record is a coin flip, while AMD's is eight down months out of 10.

The overlap tells the sharper story. In the five Septembers when the market fell, AMD fell every time, and in four of the five it fell harder -- including that 25% drop in 2022, when the index lost 9%. That part is no mystery. AMD is a volatile growth stock, and it tends to amplify whatever the market is doing.

The part the market can't explain is the other half. In the five Septembers when the S&P 500 rose, AMD still declined three times. A stock that usually exaggerates the market's moves should have had more good Septembers than that.

The pattern has no mechanism behind itSo does September carry something specific for AMD? The record leans that way, but a cause is harder to find. AMD's calendar puts no earnings report in September, and no major recurring product launch lands there either. After a decade covering tech stocks, I've seen narratives built on thinner evidence than this, and most of them probably dissolve the moment you ask what would cause the pattern to repeat.

Premium Feature

Moneyball Superscore

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And 10 observations are just that -- 10. Strip out the 2022 plunge, and the typical September decline shrinks to less than 3%. The two up years, 2018 and 2024, show the stock is perfectly capable of a strong September when the business gives it a reason.

Notably, the month's extremes are nearly symmetrical, too. The best September (up 23%) was almost as large as the worst (down 25%). That looks like volatility, not a curse.

Ultimately, I'd read the September record as context for expectations, never as a trading signal. It says a volatile chip stock has often had a rough early fall, especially when the market wobbled. It says nothing about what the company's data center ramp or the demand for artificial intelligence (AI) computing will do over the next 30 days, and those are what move this stock.

So history gives no reason to sell a stock you own for September, and no reason to delay buying one you want. What the record does earn is patience: with a stock that has fallen in eight of the past 10 Septembers, a weak month ahead shouldn't surprise anyone -- and it wouldn't say anything about the business.

SummaryAdvanced Micro Devices, Inc. stock is in a lull after a massive run-up.AMD continues to dominate in the data center CPU space.With EPYC Venice on the horizon, AMD stock appears poised to continue moving higher.Tech Investing Decoded members get exclusive access to our real-world portfolio. See all our investments here » Borislav/iStock via Getty Images

Advanced Micro Devices, Inc. (AMD) has had its ups and downs in the last few months as it more than doubled in April and May before the stock, and the AI sector as a whole, has

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Castleark Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 33.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 118,865 shares of the semiconductor manufacturer’s stock after acquiring an additional 29,911 shares during the quarter. Advanced Micro Devices accounts for approximately 1.9% of Castleark Management LLC’s investment portfolio, making the stock its 13th biggest holding. Castleark Management LLC’s holdings in Advanced Micro Devices were worth $69,050,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMD. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $27,000. Cornerstone Financial Management LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth $27,000. Basepoint Wealth LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth $30,000. Graney & King LLC purchased a new stake in Advanced Micro Devices in the 1st quarter valued at $31,000. Finally, Main Street Group LTD purchased a new stake in Advanced Micro Devices in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets A number of research firms have issued reports on AMD. Barclays downgraded shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a report on Friday, June 12th. Mizuho boosted their price target on shares of Advanced Micro Devices from $615.00 to $625.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Wedbush reaffirmed an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Wells Fargo & Company increased their price objective on shares of Advanced Micro Devices from $615.00 to $700.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Finally, Benchmark lifted their target price on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $553.72.

Check Out Our Latest Research Report on AMD Trending Headlines about Advanced Micro Devices Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: AI demand and product roadmap remain strong: AMD’s previously announced rack-scale platforms and server products are moving closer to deployment, supporting expectations for continued data-center growth. Recent results showed revenue up 50% year over year to $11.54 billion, while management guided to roughly $13 billion in third-quarter revenue. AMD stock ran its published roadmap Positive Sentiment: Strategic Nutanix partnership broadens AMD’s AI offering: AMD’s equity investment and joint development agreement with Nutanix could help deliver integrated, open AI inference systems that compete with Nvidia’s software-centric platform. AMD and Nutanix strategic partnership Neutral Sentiment: Analyst comparisons favor rivals on risk-reward: Commentary argues Broadcom offers better diversification and a lower valuation, while Nvidia’s stronger profitability, CUDA ecosystem and recent outperformance give it an advantage over AMD. These comparisons may limit enthusiasm despite AMD’s growth prospects. Broadcom versus AMD risk-reward comparison Negative Sentiment: Potential tariffs increase cost and supply-chain risk: Reports that the administration may extend semiconductor tariffs to products containing chips, including data-center servers, have raised concerns about higher costs and disrupted hardware supply chains. Why AMD stock is sliding Negative Sentiment: Profit-taking and selling activity weigh on sentiment: ARK Invest sold approximately $18 million of AMD shares while reallocating capital to Broadcom and Cerebras. AMD EVP Jean Hu also sold $7.1 million of stock under a pre-arranged Rule 10b5-1 plan, although she retained a substantial position. Cathie Wood sold AMD stock Advanced Micro Devices Price Performance Shares of NASDAQ:AMD opened at $465.58 on Friday. The company’s 50-day moving average is $505.66 and its 200 day moving average is $384.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The company has a market capitalization of $760.05 billion, a P/E ratio of 119.69 and a beta of 2.48. Advanced Micro Devices, Inc. has a fifty-two week low of $149.22 and a fifty-two week high of $584.73.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 50.1% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.44 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices In related news, EVP Paul Darren Grasby sold 15,000 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $514.91, for a total value of $7,723,650.00. Following the sale, the executive vice president owned 117,687 shares of the company’s stock, valued at approximately $60,598,213.17. The trade was a 11.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 241,203 shares of company stock valued at $114,011,942. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Company Profile (Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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