AMD Stock Just Got a Bullish Upgrade: ‘Time to Buy Now,’ Says Top Analyst
Wall Street’s latest love affair? AMD just got a glowing upgrade—price target hiked, rating boosted. Here’s why traders are scrambling.
### The Upgrade No One Saw Coming
Forget sideways action—AMD’s chart just got a jolt of adrenaline. One analyst’s bold call cuts through the market noise like a hot knife through butter.
### Why the Street’s Betting Big
Semiconductors aren’t just bouncing back—they’re primed to dominate. AMD’s tech stack? A buffet for AI, gaming, and data centers. Short sellers, consider this your warning.
### The Fine Print (Because Wall Street Loves Caveats)
Sure, macro risks lurk—Fed tantrums, supply chain hiccups. But when did caution ever make anyone rich? *Cue eye-roll from crypto traders.*
Bottom line: This isn’t a dip—it’s a springboard. Miss it, and you’ll kick yourself harder than a trader who sold Bitcoin in 2012.
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Analyst Sees AI Upside Still Not Priced In
According to Melius, AMD is no longer at the early stage of its rebound. The analyst believes the stock is “in the middle” of a larger move, with more upside ahead. While shares have seen big swings—rising to $211 last year before falling below $80 in 2025—the firm believes that recent progress isn’t yet fully reflected in the price.
One key reason behind this view is the growing demand for AMD’s AI chips. Melius pointed to strong interest from cloud providers and government-backed firms in AMD’s MI300 and MI350 chips—both built for AI tasks. The upcoming MI400 line is also drawing early attention. The analyst believes AI inferencing is turning out to be “much bigger” than expected. With stronger memory and better software, AMD’s chips are becoming more attractive to high-end buyers.
The analyst also pointed to AMD’s partnerships with Amazon (AMZN), Meta (META), OpenAI, and Saudi-based AI group HUMAIN. It’s important to highlight that AMD and HUMAIN are investing up to $10 billion in data center projects across the Middle East. Melius believes this could drive major gains in the region, where AMD’s market share may surpass its global share.
Other Segments Show Signs of Strength
While AI remains the top driver, Melius also noted signs of strength in AMD’s PC business, due to higher average selling prices and modest share gains from Intel (INTC). These gains could help buffer AMD if Nvidia eventually enters the PC CPU market.
Looking ahead, the analyst also expects continued growth in AMD’s server chip business. New products like the “Venice” CPU and the “Helios” rack-scale platform could help boost its presence in large data centers.
Given these tailwinds, the firm has raised its earnings estimates through 2027. It now expects EPS to reach $3.88 this year, rising to $5.77 in 2026 and $7.08 in 2027. The analyst adds that if AMD captures more than 5% of the global AI chip market, the upside could be even higher.
Is AMD Stock a Buy or Sell Now?
To summarize, Wall Street is cautiously optimistic on Advanced Micro Devices stock, with a Moderate Buy consensus rating based on 22 Buys and 10 Holds. The average AMD stock price target of $132.17 indicates a modest upside potential of 2% from current levels.
