Opinions
Larry Berman CFA, CMT, CTA
Advanced Micro Devices
AMD-Q
COMMENT
Oct 06, 2025
Stock price when the opinion was issued
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Although she doesn't own it she has traded it. She is cautious on the run-up and AI sector but it could show good growth and there is still room to run in the sector. It scores 8 out of 10 fundamentally. There is a mix of buy and hold on the street and analysts see an upside of 12 to 13% in valuation. You could keep holding it but also do some trimming.
Premium contentAdvanced Micro Devices, Inc. (AMD) is a global semiconductor company which operates in the fields of computing, graphics, and visualization technologies. Known for its high-performance processors and graphics cards, AMD competes robustly with companies like Intel and NVIDIA. Its product line includes Ryzen processors, Radeon graphics cards, and EPYC server processors, positioning it strongly in both consumer and enterprise markets. Social media mentions are up 11.7% in the past 24h.
Likes to watch the semiconductors as an indicator for economic expectations. This group has led the rally over the last number of years, regularly checking back to the 200-week MA (as in March/April of this year). Rallied nicely since then. NVDA is obviously the leader and making new all-time highs. Semi index in the US has not made a new high, and that's a little something to think about especially when the market it. Its RSI has come off the deep low, so there's no issue in the short-term.
This name is performing very well. Semis are giving good messaging right now. He'd really love to see the semiconductor index make a new high, and that's the caveat. This one will pick up market share, but he'd prefer to be with the leader NVDA.
Good question. The answer is that it doesn't matter, because the market response is extraordinary for these things. Anybody's evaluation of it doesn't tell you why this stock should be up 25-30% in a day for such a large company.
So the analysis doesn't matter. He's more interested in the market response, which tells you about the speculative nature of the market we're now in. And it could last days, months, maybe years. AI is still very early, and everybody gets really excited about it.