Advanced Micro Devices (AMD) stock was up on Wednesday alongside a leak of the price for the company’s upcoming Ryzen 7 9850X3D CPU. According to this leak, AMD will charge customers roughly $500 for the new processor, which is below what previous leaks and rumors pinned the price at.
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Investors will note that the Ryzen 7 9850X3D CPU isn’t a major CPU update from AMD. Instead, it’s a mid-cycle update designed to get more out of the company’s current chip architecture. While a bigger update is expected from AMD in the CPU department, traders will have to wait until the Consumer Electronics Show (CES) 2026 to learn more about that.
CES 2026 starts on Jan. 6, 2026, and will last through January 9, 2026. AMD CEO Lisa Su will host a keynote presentation at the start of the event, providing details on the chipmaker’s plans for 2026. Rival graphics card maker Nvidia (NVDA) will also be at the event, with CEO Jensen Huang also hosting a keynote presentation.
AMD Stock Movement Today
AMD stock was up 0.23% on Wednesday, extending a 78.29% year-to-date rally. The company’s strong performance in 2025 is tied to the artificial intelligence (AI) boom. This increased demand for AI data centers and the components that power them. AMD is a major supplier in this sector, offering both CPUs and GPUs designed for use with AI.
Investors will note that AMD is likely to see additional gains in 2026 alongside the ongoing AI boom. CES 2026 will also likely be a powerful catalyst for the shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 29 Buy and nine Hold ratings over the past three months. With that comes an average AMD stock price target of $282.33, representing a potential 30.78% upside for the shares.
