Key Stats for AMD Stock
- Price change for AMD stock: 14%
- $AMD Share Price as of Apr. 24: $348
- 52-Week High: $353
- $AMD Stock Price Target: $296
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What Happened?
AMD (AMD) stock surged more than 13% on Friday after a Wall Street upgrade and a strong read-through from Intel’s blowout earnings report renewed confidence in the AI chip trade.
- D.A. Davidson upgraded AMD stock from Neutral to Buy and raised its price target from $220 to $375 — a sharp upward revision.
- Analyst Gil Luria cited a “structural increase” in CPU demand driven by the rise of agentic AI.
- The argument is straightforward: as AI agents become more widely deployed, they depend heavily on server CPUs — and AMD makes some of the best in the world.
- The Intel catalyst matters here, too. Intel reported earnings on Thursday night that beat estimates by a wide margin.
- For AMD stock, that’s a signal. If Intel is seeing a massive surge in CPU demand, AMD — which has been taking server CPU market share from Intel for years — is likely to see the same tailwind, if not stronger.
- Luria put it plainly: “We believe AMD is favorably positioned to significantly raise prices across the portfolio to support and expand margins given our view that demand will outpace supply for the foreseeable future.”
This comes on the back of a strong Q4 2025 for AMD.
- The company reported record revenue of $10.3 billion in the quarter, up 34% year-over-year.
- Data center revenue hit $5.4 billion.
- Net income jumped 42% to $2.5 billion.
- Free cash flow nearly doubled year-over-year to $2.1 billion.
CEO Lisa Su outlined a clear AI growth path.
- AMD has a multi-gigawatt GPU deal with OpenAI, its new MI450 series is on track to ramp in the second half of 2026.
- She reiterated a target of tens of billions in data center AI revenue by 2027.
- AMD’s server CPU lineup — powered by EPYC Turin — also continues to take share, with record sales to both cloud and enterprise customers last quarter.
AMD stock is due to report Q1 2026 earnings on May 5, and analysts expect the CPU strength seen at Intel to show up in AMD’s numbers too.
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What the Market Is Telling Us About AMD Stock
AMD stock is almost at its 52-week high, but there is still a possibility of an up move if the AI trade continues to strengthen. Today’s move suggests investors are starting to believe that AMD is a direct beneficiary of the same compute demand surge that’s driving Nvidia higher.
The upgrade and the Intel read-through are both pointing in the same direction: CPU demand is accelerating, AMD has the products to capitalize, and the stock was priced for a much worse scenario.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
