PomegraAMD Stock Jumps 10% After Oppenheimer Upgrade
Why is AMD stock up today?
Advanced Micro Devices (AMD) stock jumped more than 10% on Monday after Oppenheimer upgraded it to Outperform with a $600 price target, about 34% above Friday's close, as chip stocks rebounded.
Key numbers
| Oppenheimer price target | $600+34% vs Friday close |
|---|---|
| AMD move on Monday | +8% to +12%quotes varied by time of day (8.4% per [4]) |
| AMD data center revenue forecast, 2027 | +135%Oppenheimer estimate |
| Chip index (SOX) by mid-morning | +6%after a sharp prior-week drop |
| Micron (MU) close | $725.60+5.16% (per [5]) |
| ASML move | +6.12%(per [6]) |
What happened
Advanced Micro Devices (AMD) stock jumped more than 10% on Monday after Oppenheimer upgraded it to Outperform with a $600 price target, about 34% above Friday's close, as chip stocks rebounded. Oppenheimer analyst Rick Schafer called AMD a long-lasting supplier of AI computing power and expects its data center sales (chips for big computer farms) to grow 135% in 2027. The chip index (SOX) was up about 6% by mid-morning, recovering part of last week's sharp sell-off. Micron and ASML also rose, while Nvidia fell about 5% on news of a board probe into its CEO.
Why it matters
AMD matters to everyday investors because it competes with Nvidia in the chips that power artificial intelligence (AI). Oppenheimer's upgrade means the firm now expects AMD shares to beat the wider market, and its $600 target sits about 34% above Friday's close. The move also shows how fast chip stocks swing: AMD had fallen 26% over the past month before Monday.
Who this affects
- MarketbullishMedium impact
- Chip investors win back ground after last week's sell-off.
- CompanybullishMedium impact
- AMD shareholders gain as an analyst sees strong data center growth.
- CompetitorsmixedMedium impact
- Micron and ASML rise, while Nvidia falls on its CEO probe.
- IndustrybullishMedium impact
- AI chip demand outlook looks stronger after the rebound.
AMD vs Nvidia, Intel, Broadcom
How we got here
Nvidia CEO Jensen Huang admits an affair in a memo; board opens investigation.
Oppenheimer upgrades AMD to Outperform with a $600 price target.
Chip index climbs about 6% by mid-morning as Nvidia slides.
What to watch
- AMD's partnership with Anthropic is expected to start ramping up.Q1 2027
- Planned launch of AMD's next AI chip, the MI500.H2 2027
Educational content only. Not investment advice.
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