AMD's data center AI momentum surges with Instinct GPUs, new partnerships and a $1T market outlook by 2030.
Shares of Advanced Micro Devices (NASDAQ:AMD) have not had a good November, now down 18% in the past month, thanks in part to the AI valuation sell-off and a slew of developments that have impacted the semiconductor scene.
You've seen the chart. You've heard the pitch.
Advanced Micro Devices, Inc. remains a GARP stock with significant upside, driven by Data Center AI chips and expanding partnerships. AMD projects robust growth, and I model 31% revenue CAGR through 2030, with market share gains in Data Center and robust growth in Client & Gaming. A base-case fair value estimate for AMD is ~$269.4, making it a Buy under ~$211, though high uncertainty persists due to long-term forecasts.
November was a challenging month for stocks, as macroeconomic concerns and concerns about an AI bubble weighed on prices. Most S&P 500 NYSEARCA: SPY stocks moved lower, but there is good news.
Nvidia (NASDAQ:NVDA) is the leading company in the AI surge. Its chips power nearly every significant frontier model and data center expansion.
Several top AI chipmakers lost ground as a potential deal between two Big Tech giants underscored competitive pressures in the market. Meanwhile, shares of an electronics retailer moved higher after a strong quarterly report.
On a day when the tech sector is doing its best to prop up market sentiment, some of its biggest names are lagging behind.
While the recent correction rattled investors, the broader landscape shows more reasons for optimism than fear.
Broadcom shows strong pre-market momentum with buyers supporting dips, while Micron hovers near key moving-average support and AMD trades around a major psychological level. Each name presents clear breakout and pullback levels that could define the next move.
Zacks.com users have recently been watching Advanced Micro (AMD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
AMD is gaining traction in AI computing through major partnerships (OpenAI, Meta, OCI) and a growing data center business, signaling durable AI tailwinds beyond one-off projects. Strong CPU and gaming revenue growth provides a resilient foundation, reducing uncertainties of cyclical PC demand or AI expansion. ROCm 7 open-source AI stack, MI450 systems, and Helios HPC racks improve performance, developer access, and second-source credibility versus Nvidia, widening AMD's competitive moat.