Advanced Micro Devices (AMD) stock slipped ahead of the chip company’s Q2 2025 earnings report as it faced criticism from Lynx Equity Strategies tech analyst KC Rajkumar. According to the analyst, AMD “stock has discounted multiple years of strong revenue growth and may have run ahead of itself.”
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Rajkumar also argued that $200 price targets for AMD stock are too lofty and come from “hype built into Street expectations.” Instead, the Lynx Equity Strategies analyst believes that AMD is likely to test the $150 price target level. The firm also expects earnings per share of approximately $6 in 2026, compared to overhyped expectations of $7.50 to $8 for the year.
AMD will report its Q2 2025 earnings after the stock market closes today. Wall Street expects the semiconductor company to report adjusted earnings per share of 48 cents alongside revenue of $7.41 billion. The company’s earnings history of six EPS and eight revenue beats in the last eight quarters suggests it will likely surpass Wall Street’s estimates for Q2 2025.
AMD Stock Movement Today
AMD stock was down 2.49% on Tuesday, but remained up 42.67% year-to-date and 35.8% over the past 12 months.
In related news, AMD announced a licensing deal with Arteris (AIP). AMD has licensed Arteris’ FlexGen network-on-chip (NoC) interconnect IP (intellectual property) for its next-generation artificial intelligence (AI) chiplet design.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for AMD is Moderate Buy, based on 24 Buy, 10 Hold, and a single Sell rating over the past three months. With that comes an average AMD stock price target of $156.47, representing a potential 9.71% downside for the shares.
