Advanced Micro Devices (AMD) stock saw massive gains on Friday thanks to news from rival CPU maker Intel (INTC). Intel reported incredibly strong earnings for Q1 2026 after markets closed yesterday. That news sent both Intel and AMD stocks higher, as Intel’s CPU sales blew past expectations. Now, analysts are expecting AMD to do the same in just a couple of weeks.
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Trade ALAB with leverageAMD is set to report its Q1 2026 earnings results after markets close on May 5, 2026. Wall Street’s estimates for that quarter include adjusted earnings per share of $1.27 alongside revenue of $9.86 billion. Based on AMD’s earnings history, the company is likely to surpass both of these estimates. The real question is just how large the gap will be between the company’s Q1 results and analysts’ expectations.
According to five-star Roth MKM analyst Sujeeva De Silva, Intel’s strong earnings result has increased his confidence in AMD and other semiconductor companies. He said, “Based on signs of better participation in high AI infrastructure growth, we are significantly increasing our price target to align INTC’s target multiple with the company’s AI infrastructure peers AMD, MRVL, CRDO, and ALAB.”
AMD Stock Movement Today
AMD stock was up 14.76% on Friday, extending a 63.59% year-to-date gain. The stock has also rallied 215.93% over the past 12 months.
With today’s news came heavy trading of AMD stock, as some 53 million shares changed hands. This is well above the company’s 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 21 Buy and seven Hold ratings over the past three months. With that comes an average AMD stock price target of $295.04, representing a potential 16.09% downside for the shares. These ratings and price targets will likely change as analysts update their coverage following today’s news.
