Advanced Micro Devices (AMD) Stock Climbs 6.67% Following New Ryzen Launch and Price Target Boost
Advanced Micro Devices (AMD) stock rose 6.67% following the launch of its new Ryzen 9 9950X3D2 Dual Edition processor and a price target boost from Stifel to $320. The stock has gained over 37% year-to-date and reached a 52-week high of $287.61 on April 20.
Advanced Micro Devices (AMD) shares surged 6.67% after the company launched the Ryzen 9 9950X3D2 Dual Edition processor, priced at $899, and Stifel upgraded its price target from $280 to $320. The new processor features dual-3D V-Cache technology and is designed for specialized professional applications. Stifel maintained its 'Buy' recommendation, citing growing AI computing requirements and AMD's partnerships with major tech companies. AMD's stock has gained over 214% in the past 12 months, driven by its server and data center division. The company reported record revenue of $34.6 billion in fiscal year 2025, with non-GAAP earnings per share of $4.17, a 26% annual increase. Analysts are optimistic about AMD's Q1 2026 earnings, with 31 out of 45 analysts assigning 'Strong Buy' ratings.
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