AMD Stock Jumps as It Challenges Intel With Its Threadripper CPU

Advanced Micro Devices (AMD) threw some major shade at Intel (INTC) when it revealed the performance of its Threadripper 9000 series processors. According to claims made by AMD, the Threadripper 9000 series can outperform rival chips from Intel in various applications.

AMD’s spec sheets and performance benchmarks note the Threadripper Pro 9995WX can outperform Intel’s Xeon W9-3595X by 119% in rendering and 49% for artificial intelligence (AI) workloads. Adding to this, the new chips are compatible with AMD’s current sTR5 platforms. This allows consumers to upgrade to the new chips without having to purchase new motherboards or other components.

AMD will launch the Threadripper 9000 series processors next month as part of a two-pronged attack. This includes the release of its Radeon AI Pro R9700 graphics card, which is set to challenge Nvidia’s (NVDA) dominance in the AI graphics processing unit (GPU) market. A new GPU could help it do so as demand for AI servers increases.

Recent AMD Stock Analyst Coverage

Analysts have also praised AMD stock lately, with many having high hopes for its offerings in the AI and gaming markets. That includes five-star Piper Sandler analyst Harsh Kumar. He reiterated a Buy rating for the company’s shares and increased his price target to $140 from $125.

AMD stock was up 3.08% as of Tuesday morning and has risen 7.91% year-to-date. However, the shares are still down 18.26% over the past 12 months.

AMD vs. INTC: Which Stock Do Analysts Prefer?

Using the TipRanks stock comparison tool, traders can see if analysts favor AMD or Intel shares. AMD stock has the better consensus rating at Moderate Buy, compared to INTC’s Hold. Turning to price targets, AMD’s $129.93 represents a potential 0.29% downside, while Intel’s $21.30 implies a possible 1.55% upside.

See more AMD and Intel stock comparisons