‘Load Up Ahead of This Big Conference,’ Says Top Investor About AMD Stock

Spring has been very good to Advanced Micro Devices (NASDAQ:AMD), whose share price has seen a level of growth it hadn’t experienced in quite some time. After hitting a 52-week low in early April, AMD has mostly been on the upswing – gaining 55% over the past two months.

While a relaxation of the trade tensions has lifted all boats, AMD has also benefited from a strong Q1 2025 earnings report, a $10 billion partnership with the Saudi Arabian HUMAIN, and continued affirmations from the hyperscalers that their massive AI capex spending remains on track.

Of course, it is not all sunshine and rainbows, and trade tensions and export restrictions vis-a-vis the Chinese market remain very real concerns.

One top investor, known by the pseudonym JR Research, is looking at the glass half full – and is encouraged by the recent trends.

“AMD’s Q1 results and ongoing data center momentum reinforce confidence in its core business, despite cyclical and competitive challenges,” asserts the 5-star investor, who is among the top 2% of TipRanks’ stock pros.

JR is excited by AMD’s Advancing AI 2025 day scheduled for June 12, during which the company is expected to showcase its technological advances and progress with its AI stack. While Nvidia remains the King of the Hill, there is plenty of room for AMD to make inroads against the industry leader – particularly when it comes to inference.

“I fully expect AMD to remain competitive, although we still need to validate its growth cadence,” adds JR.

Despite the rising share price, the investor notes that AMD is still underperforming its semiconductor peers, reflecting a lack of confidence throughout the market. However, these low expectations could potentially be a blessing, explains JR, as it certainly alleviates pressure on the company to deliver “resounding” breakthroughs at the upcoming AI day.

That being said, JR is expecting good things at the confab, making this week’s gathering a good time to stock up on AMD shares.

“AMD’s price action and relative valuation corroborates my optimism that it has likely bottomed in April, affording long-term investors another opportunity (to) add exposure,” concludes JR, who rates AMD a Buy. (To watch JR Research’s track record, click here)

Wall Street also believes the growth wave has yet to crest. With 22 Buy and 10 Hold ratings, AMD can boast a Moderate Buy consensus rating. Its 12-month average price target of $126.55 has an upside of ~8%. (See AMD stock forecast)

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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.