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Advanced Micro Devices (NASDAQ:AMD) shares snap six straight sessions of gains, as the stock was down 1.6% at $141.53 on Monday.
The semiconductor company added 12.1% in the preceding six sessions. The stock has gained 18.7% so far this year, compared to a 5% rise in the broader S&P 500 Index.
AMD is up 26% over the past one month.
“Investors are about to envision even bigger GPU figures in 2026-2028 given a sustainable surge in inferencing, where investing in AMD’s platform seems to be more attractive for hyperscalers and Sovereigns,” Melius analyst Benjamin Reitzes wrote in a note.
“AMD is gaining the edge in terms of acceleration of revenue growth against rivals like Intel and Nvidia. With the AI super cycle in full swing, accelerating product adoption, and growing analyst support, AMD remains deeply undervalued on a forward basis,” pointed out a Seeking Alpha analysis.
Looking at Seeking Alpha’s Quant Rating, AMD has a Hold rating with a score of 3.2 out of 5. The company received A in the prospect of profitability, B in momentum, while it got A- growth factor.
Turning to the Wall Street community, 34 analysts gave AMD a Buy and above rating. 16 analysts have given the stock a Hold recommendation, while none recommended Sell or lower.
Seeking Alpha analysts are positive and see the stock as a Buy.