Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.8% – Here’s What Happened

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares rose 1.8% on Monday. The stock traded as high as $554.41 and last traded at $538.05. 20,100,671 shares changed hands during trading, a decline of 38% from the average daily volume of 32,165,760 shares. The stock had previously closed at $528.75.

Key Advanced Micro Devices News

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

• Positive Sentiment: Analyst sees significant upside: TD Cowen reiterated a Buy rating and a $675 price target, citing the potential for agentic AI demand to increase AMD’s CPU sales by approximately 70% next year. Why AMD Stock Popped on Monday
• Positive Sentiment: Improving earnings outlook: AMD is expected to report roughly $13 billion in third-quarter revenue, representing about 41% year-over-year growth. The company has exceeded the high end of its own revenue guidance in each of the past two quarters, supporting optimism ahead of the November 3 report. AMD Stock Is Up Over 140% This Year
• Positive Sentiment: AI and data-center positioning: Articles highlight AMD’s accelerator opportunity, high-precision computing chips used in research and defense, and continued exposure to data-center, PC, gaming and console markets. This diversification could make AMD less vulnerable than more data-center-concentrated competitors during an AI spending slowdown. Nvidia vs. AMD: Which Business Is More Exposed to a Data-Center Slowdown?
• Neutral Sentiment: Broad market support: AMD’s rebound occurred alongside gains in Intel, Nvidia and other semiconductor stocks, suggesting that sector-wide risk appetite—not only company-specific news—was a major factor.
• Negative Sentiment: Valuation and fund-flow concerns: With AMD trading at a very high earnings multiple after substantial 2026 gains, one analyst downgraded the stock and ETFs were reported as net sellers. Commentary also warns that an AI spending slowdown could pressure margins and cash-flow expectations. AMD Downgrade

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. CLSA reissued an “outperform” rating and issued a $710.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, September 9th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Bank of America boosted their target price on shares of Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a research report on Friday, September 25th. Raymond James Financial upgraded shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $565.00 to $641.00 in a research note on Tuesday, August 25th. Finally, Wall Street Zen upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $603.51.

Advanced Micro Devices Price Performance

The company has a market cap of $878.35 billion, a P/E ratio of 138.32, a P/E/G ratio of 5.43 and a beta of 2.45. The stock has a 50-day simple moving average of $537.02 and a 200 day simple moving average of $474.16. 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) last posted its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.31 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The business’s revenue was up 50.1% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 6.49 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 160,979 shares in the company, valued at $76,316,924.32. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ava Hahn sold 2,993 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the completion of 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 231,100 shares of company stock worth $114,867,400 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Advanced Micro Devices by 3.1% in the second quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares during the period. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.9% in the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock worth $46,606,266,000 after purchasing an additional 2,149,563 shares during the last quarter. Bank of America Corp DE bought a new position in Advanced Micro Devices during the 2nd quarter valued at $7,022,226,000. Jennison Associates LLC lifted its position in shares of Advanced Micro Devices by 5.8% during the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock valued at $5,793,388,000 after purchasing an additional 545,575 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Advanced Micro Devices by 33.9% during the 2nd quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after buying an additional 2,365,419 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.