AMD (AMD) is tearing through records as investors wake up to a stock that refuses to cool down. After ending last week with a massive double-digit explosion, the chipmaker is pushing even higher in the early hours. This momentum shows that the world is betting on AMD’s chips to power the artificial intelligence future.
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AMD Exhibits a Massive 22% Weekly Gain
AMD stock’s performance over the last five trading days has been nothing short of historic. On Friday, April 24, the stock ended the day at $347.81, marking a giant 13.91% jump in a single session. This rally has carried over into Monday morning, with pre-market data showing a price of $353.05. This 22% surge in just one week suggests that the market is finally pricing in a structural shift in the tech sector.
Gil Luria Gives AMD Stock a $375 Price Target
The confidence from Wall Street is reaching a fever pitch as experts raise their expectations for AMD. D.A. Davidson analyst Gil Luria recently moved his target to $375 after seeing the latest data from the rest of the industry. He believes that the recent results from competitors are a precursor for a huge step-up for the CPU franchise and that the structural shift toward agentic AI workloads is creating unprecedented demand.
Dan Ives Signals a Bright Green Light for Tech
Another highly reputable analyst on the Street sees no end in sight for AMD’s growth. Wedbush analyst Dan Ives has been a leading voice in this surge, recently describing the current AI demand environment as a “bright green light” for investors. Ives believes we are in the middle of a “fourth industrial revolution” that is only just beginning to show its true power. He has also warned that this “AI revolution is becoming an arms race,” where the only thing that might slow it down is a shortage of power or parts.
Hyperscalers Ignite a New CPU Era
The reason this rally has stayed so hot for so long is the rise of Agentic AI. Unlike early models that just answered questions, these new systems act as independent agents that require massive amounts of central processing power to function.
While the world focused on graphics chips for a decade, the focus has shifted back to the high-performance CPUs that manage these complex tasks. Major players like Meta (META), Oracle (ORCL), and OpenAI are already confirming their use of the new Helios superclusters. This ensures that the order books for the firm remain full well into 2027.
Is AMD a Buy or Sell Now?
Turning to TipRanks, Wall Street has a Moderate Buy consensus rating on Advanced Micro Devices stock (AMD) based on 19 Buys and eight Holds. The average AMD stock price target of $295.04 indicates about 15.2% downside risk.
