What's Going On With AMD Stock Thursday?
Advanced Micro Devices, Inc. (NASDAQ: AMD ) stock rose nearly 3% in Thursday premarket trading as risk appetite improved alongside U.S. stock futures. Nasdaq futures gained 1.05%, while S&P 500 futures rose 0.80%. AMD's early move appears tied to broader strength in growth and technology stocks. Traders are leaning into upside momentum ahead of the opening bell. However, AMD is already well above several long-term trend indicators. As a result, traders will watch whether buyers can push through nearby resistance or whether the rally loses steam. Piper Sandler: AI Market Is 'Starving For Compute' Recent analyst optimism also supports sentiment. Piper Sandler initiated coverage of AMD with an Overweight rating and a $600 price forecast on Sept. 10. The firm cited accelerating AI compute demand and AMD's growing position in server CPUs and GPUs. Piper Sandler said the AI market is "starving for more compute capacity," with 2027 capacity already sold out and order books filling for 2028. The analysts estimate the global compute market could reach $2.2 trillion by 2030, driven largely by AI accelerators. They expect that expansion to support strong revenue and earnings growth across maj
Advanced Micro Devices, Inc. S. stock futures. 80%.
AMD's early move appears tied to broader strength in growth and technology stocks. Traders are leaning into upside momentum ahead of the opening bell. However, AMD is already well above several long-term trend indicators. As a result, traders will watch whether buyers can push through nearby resistance or whether the rally loses steam.
Piper Sandler: AI Market Is 'Starving For Compute' Recent analyst optimism also supports sentiment. Piper Sandler initiated coverage of AMD with an Overweight rating and a $600 price forecast on Sept. 10. The firm cited accelerating AI compute demand and AMD's growing position in server CPUs and GPUs.
Piper Sandler said the AI market is "starving for more compute capacity," with 2027 capacity already sold out and order books filling for 2028. 2 trillion by 2030, driven largely by AI accelerators. They expect that expansion to support strong revenue and earnings growth across major semiconductor suppliers. See More: Top Value Stocks Technical Analysis AMD remains in a strong long-term uptrend.
29. 03. That keeps the intermediate trend positive, although the stock could face pullback risk if momentum fades. The short-term picture is more mixed.
The 20-day SMA remains below the 50-day SMA, signaling that the shorter-term trend has yet to fully strengthen. 30. Momentum is also improving. The MACD is above its signal line, while the histogram is positive.
That suggests buyers are regaining momentum following the previous downswing. 73. A move above $530 could put the 52-week high back in focus. Meanwhile, the $463 area represents an important support zone if shares retreat.
7, reflecting a premium valuation. The stock carries a Buy consensus rating with an average price forecast of $604. Piper Sandler initiated coverage with an Overweight rating and a $600 price forecast on Sept. 10.
Raymond James upgraded AMD to Strong Buy and raised its price forecast to $641 on Aug. 25. BMO Capital initiated coverage with an Outperform rating and a $550 price forecast on Aug. 21.
Edge Rankings The Edge scorecard shows AMD scoring strongly on momentum, quality and growth. 58. 85. The combination highlights AMD's strong growth and momentum profile while also pointing to elevated valuation risk.
That could leave the stock more sensitive to weaker growth expectations or guidance. 22% weighting in AMD. 52% weighting. AMD's sizable weight in these funds means ETF inflows and outflows can contribute to buying or selling pressure in the stock.
12 during Thursday's premarket session, according to Pro data. Image via Shutterstock Read Also: Elon Musk Says SPCX's Starship Could Deliver Up to 10 Million Tons to Orbit Every Year