AMD Stock Rises 90% After 52-Week Low: Analyst Sees More Gains Ahead

AMD shares have surged 90% since hitting a 52-week low in April, driven by strong revenue growth and the launch of its MI350 GPUs. Investor Kevin George believes the gains could be just the beginning, citing the chips' strong performance and growing partnerships with tech giants. Despite the intensifying rivalry with Nvidia, George sees opportunity in AMD's Ryzen chips dominating the gaming industry and its improving margins. He gives AMD shares a Buy rating.

Advanced Micro Devices (AMD) shares have surged by 90% since hitting a 52-week low in April, driven by robust revenue growth and the launch of its MI350 GPUs. The stock's performance has been bolstered by strong analyst ratings and positive market sentiment.

Analysts at HSBC have upgraded AMD's rating to 'Buy' and raised the price target to $200, anticipating significant revenue growth from its AI segment [1]. The upgrade comes on the heels of AMD's recent unveiling of the MI350 series AI accelerators, which are competitive with Nvidia's Blackwell AI platform. HSBC expects the MI350 chips to command significantly higher prices than initially assumed, with performance on par with Nvidia's B200 [1].

AMD's AI chips are not only performing well but are also gaining traction in the market. The company's MI350 series GPUs are comparable to Nvidia's Blackwell GPUs, and the upcoming MI400 lineup is expected to challenge Nvidia's next-gen Vera Rubin platform [2]. This competitive positioning is likely to drive AMD's AI revenue to $15.1 billion in 2026, a 57% increase above the current consensus [3].

The stock's performance has been further supported by AMD's growing partnerships with tech giants. The company's Ryzen chips have been gaining market share in the gaming industry, with PC gamers deserting Intel in favor of AMD's Ryzen chips [4]. Additionally, AMD's Ryzen Threadripper PRO 9000 Series processors have been adopted by blockchain infrastructure providers like Allnodes, which offers bare-metal servers powered by these processors [5].

Despite the intensifying rivalry with Nvidia, AMD's strong performance and growing partnerships suggest that the company is well-positioned to capitalize on the growing demand for AI and high-performance computing. Investor Kevin George believes that the gains seen so far could be just the beginning, citing the chips' strong performance and growing partnerships with tech giants [6].

References:
[1] https://www.fxleaders.com/news/2025/07/11/amd-shares-jump-as-its-ai-chips-rival-nvidias-performance/
[2] https://www.ainvest.com/news/amd-takes-nvidia-ai-chip-race-mi350-mi400-series-2507/
[3] https://www.ainvest.com/news/hsbc-boosts-amd-price-target-200-ai-graphics-optimism-2507/
[4] https://www.reddit.com/r/pcmasterrace/comments/1lwj6jo/pc_gamers_are_deserting_intel_as_amd_ryzen_chips/
[5] https://cryptoslate.com/press-releases/allnodes-among-first-to-launch-bare-metal-servers-powered-by-amd-threadripper-9000-series/
[6] https://www.fxleaders.com/news/2025/07/11/amd-shares-jump-as-its-ai-chips-rival-nvidias-performance/