Advanced Micro Devices, Inc. (NASDAQ:AMD) is a prominent player in the semiconductor industry, known for its innovative processors and graphics cards. Competing with giants like Nvidia and Intel, AMD has carved a niche in the market with its cutting-edge technology. On February 19, 2025, Wells Fargo maintained an "Overweight" rating for AMD, suggesting confidence in its potential, while keeping the action as "hold" with the stock priced at $114.66.
Benchmark analyst Cody Acree supports this positive outlook, reiterating a "Buy" rating with a price target of $170. Acree's discussion with AMD's CFO, Jean Hu, highlighted the company's strong fundamentals and growing competitiveness in the AI sector. AMD is closing the GPU gap with Nvidia and gaining market share from Intel in both Client and Server markets, indicating a promising trajectory.
AMD is accelerating the AI ramp of its next-generation MI350 GPU, moving its launch to mid-2025. Despite this, the company expects flat Data Center and Instinct revenues in early 2025 due to seasonal factors and anticipation for the new platform. The MI350 is expected to compete directly with Nvidia's offerings, showcasing AMD's strategic advancements.
The current stock price of AMD is $114.66, reflecting a slight increase of 0.33% or $0.38. The stock has fluctuated between $113.14 and $116.11 today, with a 52-week high of $227.30 and a low of $106.50. AMD's market capitalization stands at approximately $185.8 billion, with a trading volume of 26,447,297 shares on the NASDAQ exchange.
