Shares in AMD stock fell on Wednesday after the first benchmark for the upcoming Ryzen AI MAX+ 392 processor appeared on a benchmark test spotted by Wccftech. The latest benchmark test was impressive, with the Ryzen AI MAX+ 392 scoring 2,917 points on the single-core test and 18,071 points in the multi-core test. With the impressive test, AMD shares quickly rose 2%, before facing a slight correction back to $219.
This new chip is designed for use in mobile applications, such as gaming laptops. It also comes integrated with AMD’s Radeon 8060S GPUs, allowing it to offer respectable gaming performance on a budget. Market observers said the timing is important as the AI boom continues to push up the price of GPUs and memory components, constraining affordability for some consumers.
AMD shares are actively looking to breach the $225 price level that has served as resistance since November 2025. Over the past year, AMD has become a strong rival to Nvidia’s dominant reign in the AI stock market race. Indeed, AMD stock has gained roughly 85% over the past 12 months, supported by strong demand for server and AI-focused components. However, to open 2025, things have been rocky. Chip stocks are expected to boom, which could help AMD’s stock explode in price this year.
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Most analysts recommend buying AMD, with price targets above the current market price. Stifel, with the highest historical price target accuracy (97), targets $280. Meanwhile, KeyBanc’s John Vinh upgraded AMD to Buy with a price target near $270. Benchmark, with a lower overall score, aims for $325. Raymond James has a lower price target of $200, showing caution. Stifel’s accuracy in price predictions suggests confidence in their target for AMD stock.