AMD Stock Is Up 115% This Year - Can It Really Go 41% Higher From Here?

TLDR

• AMD stock is up 115% year-to-date but fell 2.4% on Tuesday due to broader market pressure.
• Wall Street’s average price target of $647.19 implies about 41% further upside from current levels.
• BMO Capital initiated coverage with a Buy rating and $550 target; Raymond James upgraded to Strong Buy with a $641 target.
• AMD’s Instinct MI355X AI infrastructure is now live in Saudi Arabia, with plans to scale to 1 gigawatt capacity by 2030.
• Ark Invest sold over $92 million worth of AMD stock in late August, raising some concern around short-term momentum.

AMD reported quarterly revenue of $11.54 billion, up 50.1% year over year, beating analyst estimates of $11.31 billion. EPS came in at $1.66, topping the $1.62 consensus. The stock opened at $459.61 on Wednesday and has a 52-week range of $149.22 to $584.73.

Advanced Micro Devices, Inc., AMD

Despite Tuesday’s 2.4% dip, AMD stock is still one of the best-performing chip names in 2026, up 115% year-to-date.

Analysts Stay Bullish

BMO Capital’s Harsh Kumar initiated coverage with a Buy rating and a $550 price target. He described AMD as being “on the verge of becoming a complete AI infrastructure provider,” citing its GPU, CPU, and DPU product range plus the upcoming Helios full-rack AI system.

… Continue reading the full article at the original source below.