AMD Stock Shrugs Off Lukewarm Analyst Coverage with Nvidia's (NVDA) Help

Tip Ranks
2025.11.20 15:39
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AMD stock rose nearly 2% on Thursday despite lukewarm analyst coverage, buoyed by Nvidia's strong earnings report, which alleviated concerns about an AI bubble. Nvidia's results have renewed interest in AI component companies, benefiting AMD and others. AMD's stock has surged 88.72% year-to-date and 62.59% over the past 12 months. CEO Lisa Su is optimistic about the AI data center market, projecting it to reach $1 trillion by 2030, with AMD aiming to be a key supplier.

Advanced Micro Devices (AMD) stock rallied on Thursday even after the company received lukewarm coverage from a top analyst. Five-star Bernstein analyst Stacy Rasgon reiterated a Hold rating and a $200 price target for AMD stock, representing a potential 12.28% downside for the shares.

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Rasgon's updated coverage of AMD stock came ahead of the earnings report from rival chipmaker Nvidia (NVDA). Analysts and investors were fixated on this earnings report, as Nvidia is a market leader in the AI component sector. With that report out, investors can breathe a sigh of relief following weeks of growing concerns about an AI bubble popping.

For the record, Nvidia easily beat Wall Street's earnings per share and revenue estimates for the quarter. It also provided strong guidance for Q4 2025. These results have reignited interest in AI component companies and strengthened investor morale, which is a positive for AMD and others in the sector, such as its CPU rival Intel (INTC).

AMD Stock Movement Today

AMD stock was up nearly 2% on Thursday, extending an 88.72% year-to-date rally. The shares have also increased 62.59% over the past 12 months.

Investors will also keep in mind AMD CEO Lisa Su's high hopes for the AI data center sector. She expects this market to reach $1 trillion by 2030 and is dedicated to making AMD a major component supplier that services it.

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