Advanced Micro Devices (NASDAQ:AMD) Trading Up 6.4% – What’s Next?

Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) shot up 6.4% on Tuesday . The stock traded as high as $223.11 and last traded at $220.97. 55,942,801 shares traded hands during mid-day trading, an increase of 64% from the average session volume of 34,125,406 shares. The stock had previously closed at $207.69.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: KeyBanc upgraded AMD to Overweight and raised its 12‑month price target to $270, citing near‑sold‑out server CPU supply for 2026 and meaningful AI‑chip revenue upside — the upgrade is the primary catalyst for the intraday rally. AMD stock surges 7% after bullish analyst call: here’s what KeyBanc’s upgrade means
• Positive Sentiment: Additional analyst coverage and high price targets (including a China Renaissance buy/initiation with a $291 target) reinforced the bullish narrative, lifting investor confidence that AMD can capture more AI datacenter share. China Renaissance sets buy and $291 target
• Positive Sentiment: Product momentum: CES previews (Helios AI platform) and launches like Ryzen AI Embedded plus continued adoption of Instinct MI300 accelerators support the revenue growth case for AI workloads and edge AI. This Analyst Says Advanced Micro Devices Will Soar 30% in 2026
• Neutral Sentiment: Broad analyst attention: multiple firms maintain elevated price targets and bullish notes, keeping expectations high; this sustained positive research flow amplifies short‑term momentum but also concentrates expectations. AMD Stock Soars as Top Analysts Maintain High Price Targets
• Negative Sentiment: Insider selling and valuation concerns: data shows heavy insider sales in recent months, and some commentary flags a high P/E (around 100x) and bubble risk for AI hardware — these raise downside risk if results or demand disappoint. Advanced Micro Devices Stock (AMD) Opinions on AI Market Developments
• Negative Sentiment: Valuation scrutiny: some outlets highlight stretched multiples and the risk of sharp pullbacks if AI demand growth slows or competition intensifies. Why Advanced Micro Devices Stock Popped Today

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMD. HSBC upped their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. CICC Research raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective on the stock in a report on Friday, November 7th. Cantor Fitzgerald set a $300.00 target price on Advanced Micro Devices in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. Finally, Raymond James Financial initiated coverage on Advanced Micro Devices in a research note on Thursday, November 20th. They set an “outperform” rating and a $377.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $277.44.

Advanced Micro Devices Stock Up 6.4%

The company’s 50-day moving average is $220.29 and its 200 day moving average is $193.07. The stock has a market capitalization of $359.75 billion, a PE ratio of 109.39, a price-to-earnings-growth ratio of 0.86 and a beta of 1.95. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. Advanced Micro Devices’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. This trade represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 178,358 shares of company stock valued at $39,229,623 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

Several hedge funds have recently bought and sold shares of AMD. Vanguard Group Inc. grew its position in Advanced Micro Devices by 0.9% during the third quarter. Vanguard Group Inc. now owns 155,997,751 shares of the semiconductor manufacturer’s stock valued at $25,238,876,000 after buying an additional 1,348,892 shares during the period. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.4% during the 3rd quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer’s stock worth $11,944,056,000 after acquiring an additional 1,755,182 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock valued at $5,181,556,000 after acquiring an additional 514,445 shares during the period. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $3,094,662,000. Finally, Amundi increased its stake in shares of Advanced Micro Devices by 17.5% in the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer’s stock valued at $2,181,937,000 after purchasing an additional 2,012,865 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Company Profile

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.