Up 140% YTD, Three Catalysts Will Take AMD to New Highs In 2026

Quick Read

• AMD surged 152% year-to-date and earns a BUY rating, with a $590 terms people carrying 90% confidence.

• Three catalysts powerfulness the bull case: MI450 GPU ramp, a 6-gigawatt Meta partnership, and EPYC server gross increasing implicit 70% successful Q2.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.

Advanced Micro Devices (NASDAQ:AMD) has go the semiconductor communicative of 2026. Shares are up 152.56% year-to-date, driven by an AI infrastructure buildout that keeps expanding faster than the marketplace tin terms in.

Our 24/7 Wall St. terms people for AMD is $589.73, astir 9.03% supra wherever the banal trades today. Our exemplary rates AMD a buy, backed by a 90% assurance score.

A Blowout Q1 Reset the Growth Curve

Q1 2026, reported May 5, 2026, was the inflection point. AMD delivered gross of $10.25 billion, increasing 37.85% year-over-year, with non-GAAP EPS of $1.37 beating statement by 5.88%. Data Center gross jumped 57% to $5.78 billion, and escaped currency travel much than tripled to $2.57 billion.

Management guided Q2 gross to astir $11.2 billion, oregon astir 46% YoY growth. Recent tailwinds support piling on: a 30 MW Rackspace deployment, a 50 MW Riot Platforms agreement, and expert upgrades from Wells Fargo ($615), UBS ($670), and Cantor Fitzgerald ($700).

The Case for $650+

Three catalysts anchor the bull thesis. First, MI450 and Helios: Lisa Su told investors "lead lawsuit forecasts present exceeding our archetypal plans", with Helios shipments ramping successful H2 2026.

Second, hyperscaler wins. The 6-gigawatt Meta concern spans respective merchandise generations, and the OpenAI narration positions AMD, per Su, arsenic "a halfway spouse to the world's largest AI infrastructure builders".

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and AMD didn't marque the cut. Grab the names FREE today.

Third, EPYC. Su present expects the server CPU TAM to turn greater than 35% annually, reaching implicit $120 cardinal by 2030, with server CPU gross guided to turn much than 70% YoY successful Q2. Cantor's $700 people represents a credible bull case.

What Could Go Wrong

Valuation is the evident unit point. AMD trades astatine a trailing P/E of 192 and a guardant P/E of 77, and shares fell 6.89% connected July 1 successful a wide spot pullback. Export controls connected MI308 to China outgo astir $440 cardinal successful nett inventory charges past year, and TSMC dependence remains a supply-chain azygous constituent of failure.