Is Wall Street Bullish or Bearish on Advanced Micro Devices Stock?

Advanced Micro Devices, Inc. (AMD) is a Santa Clara-based semiconductor company specializing in central processing units (CPU), graphics processing units (GPU), Field Programmable Gate Arrays (FPGAs), and adaptive SoCs. With a solid market cap of $265.8 billion, the chip giant delivers high-performance computing solutions for cloud, edge, and end devices.

Advanced Micro Devices stock has significantly outperformed the broader market over the past 52 weeks. AMD has gained 58.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.5%. In 2024, AMD stock has risen by 11.6%, whereas the SPX is up by 11.2% on a YTD basis.