Advanced Microdevices (AMD) stocks rose following bullish claims by numerous analysts at the end of the week. Analysts at HSBC said AMD’s MI350 series chips are comparable to Nvidia’s current Blackwell chips. Analysts also claim that the next-generation MI400 chip, scheduled for release next year, can compete with Nvidia’s next-generation Vera Rubin platform. Such bullish comparisons with top US chip makers have sent positive sentiment across the chip market, particularly high AMD.
AMD stocks have surpassed their early April lows by 86% and have been 18% since the start of the year as of Thursday. However, they have fallen significantly below Nvidia’s shares in the past 12 months as they are unable to capture a larger share of the booming AI chip market. AMD shares entered the 2025 trade for $120, but 35% fell in value after Trump’s release date in April. After the president announced a 90-day suspension on tariffs, he immersed himself in a minimum of $78 a year, but soon recovered his value. With that price stabilising somewhat, analysts are keeping an eye on key price ranges where stocks will be targeted over the coming months.
Additionally, since bottoming in early April, AMD stocks have traded higher on an orderly upward trend. Recently, Thursday’s trading session saw prices come from flag patterns at the highest volume in just over a week. Analysts at HSBC believe this is the beginning of a positive trend in stocks and raised their price forecasts to reflect that. Stock trading is $145, with the next ideal target for AMD stocks being $175. This price range could provide resistance near the notable countertrend peaks that formed on the charts in May and October last year.
Beyond $175, more interest than the region led AMD to rise to $215, setting a new ATH for its stock. Both of these targets surpass the expectations of several top analysts on Wall Street. Recently, Citigroup predicted that AMD stock could hit a high of $145, which has already been violated. According to CitigroupAMD is on the road to generating profits as semiconductor revenues rose in the second quarter, potentially pushing the price of its stock. We have also invested heavily in AI technology to spend a large chunk of research and development. The wider GPU sector shows signs of rebound, and AMD stocks can benefit most from development.
At press time, AMD is trading in the middle of the 52-week range and above the 200-day simple moving average. CNN analysts are currently labeling AMD stock as an investment option for 8/10, but are currently not offering to sell the stock. Analysts also predict that AMD will reach a $200 high over the next 12 months.
