AMD stock was down on Friday despite reports of a legacy CPU returning, ending a bullish week with a fractional decline. In the last five days, AMD shares soared over 13%, with the US tech stock market rallying due to strong demand for AI-related products and a favorable market environment. Additionally, AMD ended a 12-day winning streak Friday, which added about $101 billion to its market cap.
The chatter for AMD’s slip is mostly around the Ryzen 7 5800X3D, a CPU that AMD stopped making in 2024 but could come back for the 10th anniversary of the AM4 platform. Rumor has it that the processor won’t alter much from the original edition. Therefore, analysts ended the past week slightly doubting Advanced Micro Devices
Heading into next week, Wall Street sentiment on the markets is growing positive as tensions in the Middle East cool off. On Friday, Iran said the Strait of Hormuz is open for now, a major step in easing US-Iran war tensions. Additionally, Markets have now fully recovered losses tied to the recent Iran conflict. Talks between the US and Iran could come as early as this weekend, according to a CBS report, meaning next week could see further gains for the tech stock market, including AMD.
AMD’s 1-Y Growth: What Can Drive Further Gains in 2026
Furthermore, AMD’s stock has seen a 195% increase over the past year, with several key developments and partnerships driving growth. Most recently, AMD has entered a multi-year collaboration with the French government to bolster its national AI strategy, aiming to embed its processors and accelerators in AI applications.
In the latter half of 2026, the company’s Helios artificial intelligence (AI) rack is also expected to launch. The rack includes AMD’s latest chips and is designed for AI workloads. CEO Lisa Su also expects the company to generate revenue from its new MI450 as early as the third quarter, and for it to ramp up afterwards. This could provide a solid revenue stream to go with AMD’s already solid earnings of late, leading the stock to a solid rebound to match 2025.
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At the time of writing, Analysts are divided on AMD’s future price, with targets ranging from $200 to $325. The stock’s current price is $278. B of A Securities recently upgraded AMD to a Buy with a $300 target. This reflects their positive outlook on AMD’s performance. Alternatively, Stifel offers a Buy rating with a $280 target, close to the current price. Benchmark predicts a higher $325 target, indicating bullish sentiment,