Can AMD Stock Hit $200 in 2025?

Valued at a market capitalization of $164 billion, Advanced Micro Devices (AMD) is seen by many as the only genuine competitor to Nvidia (NVDA), the investor darling that has defined the artificial intelligence megatrend. 

However, similar to its larger counterpart, AMD’s stock performance has been adversely affected by the imposition of steep tariffs and export restrictions introduced under President Donald Trump’s second term. The restrictions, particularly those targeting advanced semiconductor shipments to China — a vital market for AMD — have significantly weighed on investor sentiment, leading to a 15% decline in the stock’s value year to date. Moreover, the company, in its latest earnings release, revealed that these export restrictions will put a dent of $1.5 billion in lost revenue over the coming months.