Advanced Micro Devices (NASDAQ:AMD) Stock Price Up 4.7% – Should You Buy?

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares traded up 4.7% during mid-day trading on Friday . The company traded as high as $478.83 and last traded at $477.57. Approximately 19,314,927 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 33,985,566 shares. The stock had previously closed at $456.16.

Key Advanced Micro Devices News

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

• Positive Sentiment: AMD’s latest quarterly performance remains a key bullish catalyst: revenue rose 50% year over year to $11.5 billion, while data-center revenue increased 107% and represented 58% of total sales. Analysts cited expected earnings growth and strong AI partnerships in maintaining a Buy view. AMD: Paying Up For A Ramp That’s Already Been Outlined
• Positive Sentiment: AMD is expanding its AI infrastructure opportunity through a Saudi Arabia partnership with HUMAIN, targeting 250 megawatts of capacity beginning in 2027 and as much as 1 gigawatt by 2030. This could provide a significant long-term demand source alongside cloud and data-center growth. Can AMD’s Saudi AI Buildout Challenge NVIDIA and Broadcom?
• Positive Sentiment: AMD’s IFA 2026 presentation highlighted Strix Halo and Gorgon Halo processors, local execution of very large AI models, and the company’s push into “agentic” personal computing. ASUS also named AMD as a strategic partner in expanding AI infrastructure from the cloud to the edge. AMD IFA 2026 Keynote
• Positive Sentiment: AMD is gaining visibility in secure AI infrastructure through Linux Foundation TRACE and AMD Secure Encrypted Virtualization, potentially strengthening its position in governed and confidential workloads. Why AMD Is Becoming More Important in Secure AI Infrastructure
• Neutral Sentiment: Technical analysts describe AMD as being near a major support or inflection zone around $450, while a developing bullish-flag pattern could support a breakout if momentum improves. ORCL Eyes Breakout as AMD and Intel Test Key Support
• Negative Sentiment: ARK Invest sold approximately $72.8 million of AMD and bought roughly $53 million of Nvidia, signaling a preference for Nvidia within the AI-chip trade and creating a near-term sentiment headwind. Cathie Wood Cuts AMD and Puts $53 Million Into Nvidia
• Negative Sentiment: Several analyses warn that AMD’s strong growth is already reflected in its elevated valuation. Comparisons suggest Nvidia may deliver faster growth at a more attractive price, while Zacks Research downgraded AMD from Strong Buy to Hold. Prediction: Nvidia Stock Will Outperform AMD Through 2028

Analyst Ratings Changes

Several brokerages have weighed in on AMD. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Benchmark raised their price target on Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Bank of America raised their target price on Advanced Micro Devices from $550.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Rosenblatt Securities boosted their price target on shares of Advanced Micro Devices from $665.00 to $700.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Roth Capital raised their price objective on shares of Advanced Micro Devices from $500.00 to $650.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.72.

Advanced Micro Devices Price Performance

The firm has a market capitalization of $779.62 billion, a price-to-earnings ratio of 122.77, a price-to-earnings-growth ratio of 4.73 and a beta of 2.48. The stock’s fifty day moving average price is $500.08 and its two-hundred day moving average price is $392.68. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.31 billion. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company’s revenue was up 50.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.44 EPS for the current year.

Insider Activity

In related news, EVP Mark Papermaster sold 28,811 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total value of $13,595,046.57. Following the completion of the transaction, the executive vice president directly owned 1,261,461 shares of the company’s stock, valued at $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $480.94, for a total transaction of $7,214,100.00. Following the completion of the transaction, the chief executive officer owned 3,102,156 shares in the company, valued at $1,491,950,906.64. This represents a 0.48% 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. Insiders have sold 232,577 shares of company stock valued at $109,509,170 over the last 90 days. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. MLG Wealth Management DBA Pine Grove Financial Group acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $716,000. Range Advisory LLC raised its position in Advanced Micro Devices by 47.0% during the 2nd quarter. Range Advisory LLC now owns 5,954 shares of the semiconductor manufacturer’s stock worth $3,459,000 after buying an additional 1,903 shares during the last quarter. Capital & Planning LLC purchased a new position in Advanced Micro Devices during the second quarter worth about $313,000. Agur Provident & Training Funds Management Ltd. acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $12,263,000. Finally, Cornerstone Financial Management LLC boosted its position in shares of Advanced Micro Devices by 76.6% during the 2nd quarter. Cornerstone Financial Management LLC now owns 256 shares of the semiconductor manufacturer’s stock worth $149,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

About Advanced Micro Devices

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.