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Nvidia may dominate chipmaking in the artificial intelligence (AI) boom, but there are still plenty of opportunities for Advanced Micro Devices (NASDAQ: AMD), and the company is showing clear evidence it can compete. Rising revenue, easing rules around trade with China, and parabolic AI spend are some of the catalysts that could drive its stock even higher.
Some investors believe AMD has more room to run following the stock’s recent success, but a few of the bulls may not agree. These are the forecasts Wall Street currently has for AMD stock in 2025, 2026, and 2030.
Current AMD Stock Overview
- Market cap: $270 billion
- Trailing P/E Ratio: 105.47
- Forward P/E Ratio: 45.25
- 1-year return: 7%
- 2025 YTD: +38%
AMD is trading around $165 as of August, 2025. Shares have almost doubled over the past five years, and investors are really starting to recognize the chipmaker’s ability to gain market share in the AI industry. The stock has rallied by more than 38% year-to-date.
In a big sign of confidence that it can compete with Nvidia, AMD recently increased the price of its AI chips from $15,000 to $25,000. They’re still cheaper than Nvidia’s chips, giving AMD plenty of room to raise prices in the future.
Each price hike translates into more revenue and profits for investors, and with AI spend continuing to ramp up, AMD finds itself in a great spot to raise prices even more. This formula has been working, based on its 32% year-over-year revenue growth in Q2. Net income more than tripled year-over-year during that stretch.
AMD has a consensus buy rating with an average price target of $169.06 per share, which implies a limited upside. This consensus is based on 36 analyst ratings. The highest forecast is $210 (Benchmark) while the lowest is $100 (Jefferies). The three most recent price targets from Mizuho, JP Morgan, and Barclays suggest a near-term average price target of $195.00, which implies an 18% upside from current levels.
Quick Snapshot Table of Predictions
Bull & Bear Case
AMD finds itself in the right place at the right time as AI spending accelerates, but there are a few risks to consider before committing to the stock.
Bull Case
- AMD’s recent price hike can boost revenue and profit margins while keeping its chips at a more affordable price point than Nvidia’s
- Estimated revenue growth of 27.08% is greater than its 3-year average of 11.07%
- AMD’s trailing 12-month EPS growth of 231.56% far exceeds its 3-year average of 24.9%
Bear Case
- Nvidia remains the market leader, and other AI chipmaking rivals may take additional market share from AMD
- Any additional tariffs or trade tensions can impact AMD’s sales
- Total debt of $3.218 billion has increased by 87.2% over the past year
Stock Price Prediction for 2025
Analysts expect AMD shares to push higher as the company continues strengthening its position against rival Nvidia. Rising chip prices are helping to lift profitability, and easing trade tensions with China could support stronger revenue growth in the near term. With demand for AI and high-performance computing chips still expanding, sentiment around AMD remains favorable.
Stock Price Prediction for 2026
Forecasts for 2026 suggest a pullback, with AMD shares averaging around $162.34. Analysts are less bullish as questions emerge over whether the company can sustain its momentum in AI-driven markets.
Competitive pressures from both established rivals and smaller chipmakers could also weigh on growth prospects, keeping expectations more restrained compared to 2025.
Stock Price Prediction for 2030
By 2030, CoinCodex projects AMD shares could average $277.49, reflecting a potential CAGR of 8.4% to 11.9%. The outlook hinges on continued AI spending and the rapid buildout of data centers, with Big Tech’s budgets serving as a key growth driver. Risks remain, however, including a slowdown in AI investment or AMD ceding further market share to Nvidia.
Investment Considerations
AMD is an AI growth stock that caters to investors who want to profit from the hottest technology right now. Some investors believe the AI boom is still in its early stages, and its rapid evolution will enable more possibilities, such as widespread self-driving cars and humanoid robots. AMD’s chips have the potential to power innovations of this caliber.
Key risks: Nvidia or a small player taking market share from AMD, big tech’s AI spend stays flat or decreases, AMD’s chips don’t advance quickly enough to remain competitive, supply shocks make it more difficult for AMD to fulfill orders to provide enough chips, and trade tensions increase.
AMD’s price forecasts largely depend on Big Tech and AI. Multiple companies have proposed raising AI investments and are taking it much more seriously than the internet in its early days. No one wants to get caught behind the competition on this critical technology, and AMD is one of the top beneficiaries of their need to keep up.
Frequently Asked Questions
Is AMD stock a good long-term investment?
AMD stock can be an enticing long-term investment if AI spending remains elevated and the company continues to innovate with its chips. The more market share AMD can take from Nvidia, the more its shareholders will benefit.
What will AMD stock be worth in 2030?
The AMD stock price forecast for 2030 is currently $249.11 to $292.02, according to CoinCodex, with an average price target of $277.49.
Does AMD stock pay a dividend?
No. AMD currently does not pay a dividend to its shareholders. The company is regularly reinvesting in its AI chips to stay ahead of the competition.
