Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 1.5% – Still a Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s share price rose 1.5% during trading on Wednesday . The company traded as high as $561.47 and last traded at $552.33. Approximately 24,477,857 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 36,487,680 shares. The stock had previously closed at $544.43.

Advanced Micro Devices News Summary

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

• Positive Sentiment: AMD unveiled its new Helios rack-scale AI platform and a broader AI infrastructure roadmap at its Advancing AI 2026 event, signaling a more aggressive challenge to Nvidia in high-value data center AI. AMD Stock: 4 Biggest Takeaways from AMD’s Advancing AI 2026 Event
• Positive Sentiment: Wall Street analysts turned more bullish after the event, with multiple firms raising price targets and one new Street-high target reflecting confidence that AMD’s AI product cycle and customer wins can drive stronger revenue. AMD Stock Gets New Street-High Price Target as Analysts Hike Targets – Here’s Why
• Positive Sentiment: AMD announced a major partnership with Anthropic that could involve up to 2 gigawatts of Instinct MI450-series GPU deployments plus a planned investment of up to $5 billion, a deal investors view as a major validation of AMD’s AI ambitions. AMD plans to invest to up to $5 billion into Anthropic as it seeks to cut into Nvidia’s dominance
• Positive Sentiment: AMD also announced a technical partnership with Cerebras to develop an ultra-low-latency AI inference solution, reinforcing the company’s broader push into full-stack AI infrastructure and helping fuel optimism around future demand. Liqid Unveils Massive Scale-Up AI Platform Powered by AMD Instinct™ MI350P GPUs
• Neutral Sentiment: Morgan Stanley reiterated a Hold rating, citing a balance between AMD’s AI upside and ongoing competitive risks, which tempers some of the enthusiasm around the stock. Joseph Moore Reiterates Hold on AMD, Maintains $410 Price Target Amid Balanced AI Upside and Competitive Risks
• Neutral Sentiment: Reports also noted broader semiconductor strength and renewed investor focus on AI spending, which is supportive for AMD but not specific enough to be a direct catalyst on its own. AMD expected to launch next generation of AI infrastructure to challenge Nvidia
• Negative Sentiment: Some commentary flagged valuation and execution risk, including concerns that AMD will need to deliver on ambitious product and deployment timelines to justify its elevated multiple. TSMC’s Price Hikes Could Show Which AI Chip Stocks Have Real Pricing Power

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMD. UBS Group reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday. TD Cowen raised their target price on Advanced Micro Devices from $600.00 to $675.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Northland Securities reiterated a “market perform” rating and set a $260.00 price target on shares of Advanced Micro Devices in a report on Monday, April 27th. Raymond James Financial initiated coverage on Advanced Micro Devices in a research report on Wednesday, May 6th. They set a “market perform” rating on the stock. Finally, Zacks Research lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $518.65.

Advanced Micro Devices Stock Down 2.3%

The business’s 50 day simple moving average is $510.65 and its 200-day simple moving average is $339.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72. The company has a market cap of $880.02 billion, a price-to-earnings ratio of 176.95, a price-to-earnings-growth ratio of 1.60 and a beta of 2.47.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period in the prior year, the business posted $0.96 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 6.25 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. This trade represents a 18.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the sale, the chief executive officer owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 310,310 shares of company stock worth $141,185,456. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $4,929,312,000. Jennison Associates LLC increased its holdings in shares of Advanced Micro Devices by 181.6% during the 4th quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares during the last quarter. Cardano Risk Management B.V. bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $1,000,783,000. Wellington Management Group LLP raised its stake in shares of Advanced Micro Devices by 335.9% in the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock valued at $784,330,000 after acquiring an additional 3,735,807 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Advanced Micro Devices by 340.1% in the 4th quarter. Franklin Resources Inc. now owns 4,747,834 shares of the semiconductor manufacturer’s stock valued at $1,016,796,000 after acquiring an additional 3,669,054 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.