In the most recent trading session, Advanced Micro Devices (AMD) closed at $154.72, indicating a -1.45% shift from the previous trading day.
Bernstein has raised its price target on Advanced Micro Devices (NASDAQ: AMD) to $140 from $95, citing the company's growing role in the artificial intelligence hardware race.
Recently, Zacks.com users have been paying close attention to Advanced Micro (AMD). This makes it worthwhile to examine what the stock has in store.
Corporate insiders have taken a sharply pessimistic turn – selling their companies' shares at the fastest rate in at least a decade.
I rate AMD a Buy. AMD is the 'Rook' of the AI ecosystem, dominating AI and data centers, PCs and Laptops, Embedded systems, and networking. China is an important market for AMD. And the US just gave AMD permission to continue exporting its chips into China.
Shares of Advanced Micro Devices ( NASDAQ:AMD ) exploded over the past month, gaining 24.45%.
In the latest trading session, Advanced Micro Devices (AMD) closed at $160.08, marking a +2.87% move from the previous day.
Advanced Micro Devices, Inc. delivered outstanding Q1 2025 results, with 36% revenue growth and significant profitability improvements, driven by Data Center and AI momentum. The MI series, especially MI325X and MI350, are gaining traction with major cloud and enterprise customers, fueling AMD's competitive position against Nvidia. Regulatory relief allows AMD to resume MI308 chip shipments to China, unlocking additional growth and validating the company's global expansion strategy.
Market Catalysts anchor Julie Hyman breaks down the latest market movers for July 16, 2025. Semiconductor chip manufacturers Nvidia and AMD are ready to sell their chips in China.
Advanced Micro Devices' MI300 series gains traction in AI data centers, boosting revenues and drawing interest from tech giants like Meta.
Advanced Micro Devices' NASDAQ: AMD price action provided a clear signal that it would move higher in 2025 when it broke fresh highs in July. The move to new highs took the market above a critical resistance point that had been in place for more than a year, setting it up to continue rallying as the year progresses.
Advanced Micro Devices, Inc. and Nvidia Corporation are well positioned to ride an upgraded growth outlook in the AI inferencing market. Nvidia because it is the market leader, and AMD due to its focus. AMD's MI350 GPUs have on-par performance and are more cost-effective vs Nvidia's Blackwell. So AMD a golden opportunity to take share but the onus is on it to prove itself. US approval for Chinese shipments can boost both AMD and NVDA's data center revenues.