Advanced Micro Devices (AMD) shares fell Friday, snapping a 12-day winning streak and trimming a powerful 13% weekly rally fueled by AI demand. The decline follows market chatter about the potential return of the discontinued Ryzen 7 5800X3D CPU, with analysts citing the news for casting slight doubt on the stock's momentum heading into the new week.

AMD’s 1-Y Growth: What Can Drive Further Gains in 2026

Furthermore, AMD’s stock has seen a 195% increase over the past year, with several key developments and partnerships driving growth. Most recently, AMD has entered a multi-year collaboration with the French government to bolster its national AI strategy, aiming to embed its processors and accelerators in AI applications.

In the latter half of 2026, the company’s Helios artificial intelligence (AI) rack is also expected to launch. The rack includes AMD’s latest chips and is designed for AI workloads. CEO Lisa Su also expects the company to generate revenue from its new MI450 as early as the third quarter, and for it to ramp up afterwards. This could provide a solid revenue stream to go with AMD’s already solid earnings of late, leading the stock to a solid rebound to match 2025.

At the time of writing, Analysts are divided on AMD’s future price, with targets ranging from $200 to $325. The stock’s current price is $278. B of A Securities recently upgraded AMD to a Buy with a $300 target. This reflects their positive outlook on AMD’s performance. Alternatively, Stifel offers a Buy rating with a $280 target, close to the current price. Benchmark predicts a higher $325 target, indicating bullish sentiment,