Advanced Micro Devices (AMD) stock was on the move Friday alongside rumors that the semiconductor company intends to bring back one of its most popular Ryzen processors. According to this rumor, AMD intends to restart production of the Ryzen 7 5800X3D, which was retired from its product line in 2024.
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According to the latest rumors, there are a couple of reasons why AMD is considering the return of the Ryzen 7 5800X3D. One of these is that the Ryzen 7 5800X3D is about to return for the 10th anniversary of the AM4 socket. The report claims AMD will list the new release of the Ryzen 7 5800X3D as an anniversary edition. It also claims that the processor will be exactly the same as the original release.
While celebrating an anniversary is nice, there’s another possible reason for AMD to bring back the Ryzen 7 5800X3D. The computer component sector is currently dealing with some supply issues, largely due to the increased demand for server components amid the AI boom. This has made it difficult for consumers to obtain upgrades for their PCs. AMD’s plan to bring back the Ryzen 7 5800X3D could offer a solid upgrade to PC owners who can’t afford or find the parts needed to upgrade to the AM5 platform, which launched in late 2022.
AMD Stock Movement Today
While AMD stock started off strong this morning, the shares have lost those gains and are now down 0.26%. The shares have increased 30.14% year-to-date and 225.22% over the past 12 months.
AMD trading activity today saw some 10 million shares change hands, compared to a three-month average daily trading volume of about 31.99 million shares.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 20 Buy and eight Hold ratings over the past three months. With that comes an average AMD stock price target of $285.67, representing a potential 2.98% upside for the shares.
