Why AMD Stock Is Surging Today
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Advanced Micro Devices (AMD 4. 10%) stock is seeing significant bullish momentum Thursday. The semiconductor company's price was up 3. 8% as of 3:30 p. ET amid the backdrop of a...
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July 10, 2025
03:49 PM
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Advanced Micro Devices (AMD 4. 10%) stock is seeing significant bullish momentum Thursday
The semiconductor company's price was up 3. 8% as of 3:30 p
ET amid the backdrop of a 0. 3% gain for the S&P 500 (^GSPC 0. 27%) and a 0. 2% gain for the Nasdaq Composite (^IXIC 0
The stock had been up as much as 5. 4% earlier in the day's trading
AMD's valuation is climbing today ing bullish coverage from HSBC
The bank's investment branch issued new coverage on the stock this morning, and other investors are buying up s in conjunction with the re note
Image source: Getty Images
AMD stock gets another boost thanks to bullish analyst coverage In a note published before the market opened today, HSBC upgraded its rating on AMD stock from hold to buy
The firm also raised its one-year price target on the stock from $100 per to $200 per
As of this writing, HSBC's new price target suggests additional upside of roughly 39%
HSBC pointed to an imving demand outlook for AMD's graphics cessing units (GPUs) for artificial intelligence (AI) as a key factor in its ratings upgrade and big price target hike
The firm's analysts think that the company's MI350 GPUs for AI compare favorably with Nvidia's high-end Blackwell cessors, and that next year's MI400 cessors could further strengthen AMD's position in the data-center cessing space
Thus far, AMD has trailed far behind Nvidia when it comes to the high-value data-center cessor market -- but there are signs that dynamics may be starting to shift in the smaller company's favor
There's still a lot of guesswork involved when it comes to charting the 's performance outlook in advanced AI cessors, but it seems to be making gress in the crucial artificial intelligence training space
Even better, AMD could see strong demand for hardware used to power AI inference applications, even if its high-end cessors continue to trail behind Nvidia's for artificial intelligence training purposes
HSBC Holdings is an advertising partner of Motley Fool Money
Keith Noonan has no position in any of the stocks mentioned
The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia
The Motley Fool recommends HSBC Holdings
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