AMD Stock Defies Tepid Analyst Views with Strong Rally
Advanced Micro Devices (AMD) shares surged 4.74% on Monday, extending their year-to-date rally to 102.53%, despite lukewarm analyst sentiment. Bernstein's Stacy Rasgon maintained a Hold rating with a $200 price target, implying an 18.47% downside, arguing that AMD's AI potential and competitive gains against Intel are already priced in.
Seaport Global echoed the cautious stance, reiterating a Hold without a target. The divergence between analyst skepticism and market momentum highlights growing investor confidence in AMD's positioning—particularly in AI accelerators and data center chips—even as Wall Street debates valuation.