Advanced Micro Devices (AMD) stock was down on Thursday after the CPU and GPU maker dropped support for Windows 10 in its latest driver update. This update included several enhancements and game support for Windows 11 but failed to include any updates for Windows 10.
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AMD’s decision to no longer provide support for Windows 10 isn’t too surprising, as Microsoft (MSFT) officially ended support for the operating system earlier this month. However, many Windows 10 users were hopeful that CPU and GPU makers would extend support beyond that. After all, an estimated 40.5% of PC users are still on Windows 10, compared to 48.94% on Windows 11. This shows there’s still demand for the operating system despite Microsoft’s end of support.
One reason for the high use of Windows 10 even after support has ended is distrust of Windows 11. Microsoft has added some controversial features to its latest operating system, including integrated artificial intelligence (AI) and a backup service that regularly takes screenshots of users’ PCs. These new features have raised privacy concerns among PC owners, helping explain why adoption of Windows 11 is only slightly above Windows 10.
AMD Stock Movement Today
AMD stock was down 1.43% on Thursday but remained up 115.7% year-to-date. The stock has also rallied 83.47% over the past 12 months. The semiconductor company is among those that have greatly benefited from the AI boom, which has increased demand for its components.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD stock is Moderate Buy, based on 29 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $249.92, representing a potential 3.99% downside for the shares.
