Advanced Micro Devices (AMD) stock was down on Monday alongside news that CEO Lisa Su met with Chinese Vice Premier He Lifeng. While Lisa Su wasn’t part of President Donald Trump’s recent visit to China, her meeting may have benefited from the trip.
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Lifeng said that Chinese President Xi Jinping and President Trump “reached a series of important consensuses” that resulted in positive overall trade outcomes for both countries. The Chinese Vice Premier also noted that the country welcomes AMD and any other companies that want to “seize the opportunities presented by China’s development and deepen mutually beneficial cooperation.”
It makes sense that Chinese officials would want AMD to consider operating in the country. AMD is among the tech companies that has strongly benefited from the AI boom. This is due to the GPUs and CPUs that it develops being used in AI data centers. The company is also working on an all-in-one AI rack solution named Helios that will launch later this year. Recent analyst coverage suggests AMD could further benefit from agentic AI demand.
AMD Stock Movement Today
AMD stock was down 2.36% on Monday, but was still up 93.5% year-to-date. The shares have also climbed 269.62% over the past 12 months.
AMD stock trading activity today saw some 15 million shares change hands, compared to a three-month average daily trading volume of about 32.47 million shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 28 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $452.30, representing a potential 9.07% upside for the shares.
