AMD has surged over 155% this year while a brutal week-long selloff raises a critical question: does the stock price already capture the full AI opportunity, or is Wall Street still sleeping on what comes next?
AMD has surged over 155% this year while a brutal week-long selloff raises a critical question: does the stock price already capture the full AI opportunity, or is Wall Street still sleeping on what comes next?
The 24/7 Wall St. price target for Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) is $571.04 over the next 12 months. Shares traded at $546.68 at noon Thursday, so the target means 4.46% upside. Our model rates AMD a hold, and its confidence level is high.
24/7 Wall St. Price Target Summary
Our model ran off Wednesday’s close of $570.62. At that price the target sat right at fair value, and that is why the rating is hold. AMD is executing very well.
What matters now is how much of the AI opportunity the share price already reflects. In my view, the price reflects most of it today, but 2027 could show Wall Street was too cautious.
A Sharp Weekly Pullback Interrupts a Strong 2026 Rally
AMD has fallen 15.36% over the past week, including a 4.23% drop today, as the AI chip sell-off deepens. Earlier this week, new AI announcements failed to re-energize investors. Even so, shares are up 10.8% over the past month and 155.27% year to date. That leaves AMD about 17% below its 52-week high of $658.52.
The fundamentals back up the run. AMD’s second-quarter revenue rose 50.11% to $11.536 billion, and non-GAAP EPS of $1.66 beat the $1.6107 estimate. Data Center revenue jumped 107% and now makes up 58% of sales.
Why Bulls See $694 Within Reach
The bull case puts AMD at $693.71. The main driver is Helios, AMD’s rack-scale system, which is backed by gigawatt-scale commitments from OpenAI, Meta Platforms (NASDAQ:META) and Anthropic. Management expects data center segment revenue to more than double year-over-year in 2027 and projects the AI accelerator market reaching about $1.4 trillion by 2030.
Averytin News Financial update.