- AMD shares increased after analysts reported its new chips could match those of NVIDIA.
- HSBC analysts stated that the upcoming MI400 chips from AMD may compete with Nvidia’s next-generation products.
- AMD stock has rebounded 86% from its April low, now trading at about $145.
- Analysts raised price targets, with possible resistance at $175 and a potential high of $215 if momentum continues.
- CNN and Citigroup analysts rate AMD favorably, seeing continued growth as its AI and semiconductor earnings improve.
Shares of Advanced Micro Devices (AMD) rose at the end of last week, after several analysts made positive comparisons between AMD’s latest MI350 chip series and Nvidia’s current Blackwell models. Analysts said that next year’s MI400 chips from AMD could also compete with Nvidia’s upcoming Vera Rubin platform, leading to increased optimism in the chip sector.
As of Thursday, AMD shares were trading 86% above their low in early April and up 18% since the start of the year. Despite this improvement, the stock still lagged behind Nvidia’s gains over the past twelve months due to AMD’s lower share in the AI chip market. AMD began 2025 at $120 per share but dropped 35% following political events in April. Its stock hit a low of $78 before rebounding, helped by a White House decision to pause tariffs for 90 days.
Following this turnaround, analysts observed that AMD began a steady uptrend. The stock recently broke out from a flag pattern and reached the highest trading volume in over a week during Thursday’s session. HSBC analysts now expect AMD to target $175 next, noting this price could face resistance near peaks seen in May and October last year. They also indicated a possible path to $215 if the positive momentum continues.
< b>Citigroup recently projected AMD could rise to $145, a price already reached, stating, “AMD is on the path to generating profits due to an increase in semiconductor earnings in Q2, which could push the stock’s price up.” The company is spending significantly on research and development in Ai technology. Analysts said the overall [GPU sector](https://www.investopedia.com/terms/g/gpu.asp) is rebounding, and AMD may benefit most from this trend.
At the time of reporting, AMD was trading in the middle of its 52-week range and above its 200-day simple moving average. CNN analysts rated AMD as an 8/10 investment, with no analysts advising to sell. Their forecasts suggest AMD could reach $200 within the next year.
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