Cathie Wood is trimming AMD just as its biggest product cycle in years prepares to land, and the last time ARK sold an AI chipmaker too early, the stock went on to triple.
NVIDIA dominates AI infrastructure while AMD plays scrappy underdog, but one valuation metric suggests the market may be sleeping on the wrong stock. The answer comes down to a single GPU ramp that could reshape the competitive picture through 2027.
In the most recent trading session, Advanced Micro Devices (AMD) closed at $519.73, indicating a +2.77% shift from the previous trading day.
Advanced Micro Devices (AMD) shares rose on Wednesday after Chief Financial Officer Jean Hu outlined an expanding artificial intelligence opportunity and said the company expects its data center business to double in 2027. The bullish outlook has also prompted analysts to raise their price targets, while Bank of America data showed increasing institutional ownership of AMD and other semiconductor stocks.
AMD returns 7.7% in a month as AI and Data Center growth strengthens, but premium valuation, competition and supply constraints support a hold.
Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) stock is up 3% to $521.59 in Wednesday morning trading, extending a rally that began after CFO Jean Hu addressed the Citi Global TMT Conference on Tuesday. AMD stock was up 144.
Wall Street remains firmly bullish on Advanced Micro Devices (NASDAQ: AMD), with Citi among the latest firms to reaffirm its positive stance on the stock.
While the sheer scale of the AI buildout naturally draws comparisons to the internet bubble of the late-90s, equating the two overlooks key economic realities.
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%.
AMD just posted its biggest AI revenue surge in years and already has a massive GPU deal with OpenAI, yet the stock has been sliding for a month.
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AMD just announced a workstation that could pull sensitive AI workloads out of the cloud entirely, and the buyers it has in mind reveal exactly who stands to lose the most.