Advanced Micro Devices ( (AMD) ) has risen by 8.62%. Read on to learn why.
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Advanced Micro Devices (AMD) has seen its stock rise by 8.62% over the past week, driven by its growing market share in the PC gaming sector and positive analyst sentiment. The company’s market presence has strengthened significantly, with AMD now holding 39.65% of the market according to the June 2025 Steam Hardware & Software Survey, a notable increase from 23.73% five years ago. This shift indicates a steady erosion of Intel’s dominance, suggesting a potential future where AMD could lead the processor market.
The stock’s upward movement is also supported by recent analyst upgrades, including a ‘Buy’ rating from HSBC’s Frank Lee, who set a high price target of $200. Lee’s optimism is fueled by AMD’s advancements in AI and GPU technology, as well as its strategic partnerships and easing tariff tensions. These factors have contributed to a positive outlook for AMD’s long-term growth, despite some short-term fluctuations in stock price.
Furthermore, AMD benefits from the overall bullish sentiment in the semiconductor and AI chip sectors, partly due to Nvidia’s strong performance. The demand for AMD’s next-generation AI GPUs and CPUs continues to rise, enhancing its market position. As AMD prepares to release its Q2FY25 results, expectations are high, with analysts forecasting significant revenue growth, reinforcing the stock’s appeal to investors looking for promising opportunities in the tech industry.