Advanced Micro Devices (AMD) Stock picked up over 7% on Wednesday due to positive analyst sentiment and a new board appointment. The broader tech market recovered as well, thanks to easing tariff fears from Trump’s visit to Europe. Easing trade war fears from tariff cancellations have led to a 1.5% increase in the Nasdaq Composite, positively affecting semiconductor stocks.

Over the past nine months, AMD stock has jumped more than 200% from its early-April lows.
Moreover, some of the major Wall Street players now believe that the company has what it takes to serve as an alternative to Nvidia. Additionally, Even those it faces intense competition from Intel and Arm Holdings, AMD continues to capitalize on its strong position in the server CPU market. Its deals with both OpenAI and Oracle have driven investor optimsim, suggesting that there is further growth ahead.

As for AMD forecasts, several firms suggest now is a good time to buy AMD, forecasting gains ahead. KeyBanc and Bernstein increased their AMD price targets, reflecting strong demand for the semiconductor developer’s server CPUs and optimism around its AI investment. KeyBanc reiterated its “Overweight” rating and $270 price target, pointing to strong server CPU demand. The firm noted that hyperscalers were already securing 2026 capacity, with AMD nearly sold out of server CPUs through the end of that year. Furthermore, Bernstein raised its price target on the stock from $200 to $225.

AMD is up 9.9% since the beginning of the year, and at $245.64 per share, it is trading close to its 52-week high of $264.33 from October 2025.