AMD still has room to run even after already registering robust gains for 2025, according to Truist. The firm upgraded the chipmaker to buy from hold and raised its price target to $213 per share from $173. Truist’s forecast calls for more than 30% upside from Monday’s close. Analyst William Stein tied his rating change to a more “constructive view from the field.” He pointed to hyperscale customers more regularly turning to AMD’s technology as an alternative to Nvidia. AMD YTD mountain AMD stock in 2025. “Over the last month or so, contacts have increasingly noted that hyperscalers are working with AMD in a partnership manner, expressing true interest in deploying AMD at scale,” the analyst said. “Until 2018, AMD had less than 1% share in the DC CPU market. AMD was barely a ‘price check’ to INTC’s (Hold) dominance,” the analyst added. “As INTC stumbled in manufacturing process & product design, customers engaged with AMD for a potential partnership. If AMD could deliver certain ‘must have’ requirements, customers would allocate higher structural share to AMD.” Shares have gained more than 35% in 2025. The stock gained more than 2% in the premarket following the upgrade. Analysts are generally bullish on the stock. Of the 53 who cover AMD, 36 rate it a buy or strong buy, LSEG data shows.
