Key Highlights
- Advanced Micro Devices has posted gains for 11 consecutive trading sessions, marking its longest winning streak in nearly two decades
- Shares have climbed 32% during this remarkable 11-day period and surged 192% over the trailing 12-month period
- Bernstein SocGen Group increased its price target to $265 from $235 while maintaining a Market Perform rating
- The firm’s 2027 revenue projection now stands at $76.7 billion, significantly surpassing the Wall Street consensus of $67.5 billion, largely attributed to the Meta AI partnership
- Taiwan Semiconductor Manufacturing Company posted robust quarterly earnings results on the same trading day
Advanced Micro Devices has been quietly assembling one of its most impressive performance streaks in nearly two decades. Through Wednesday’s market close, shares had climbed 32% across 11 consecutive trading sessions — representing the longest run of consecutive closing gains since 2005, based on data from Dow Jones Market Data.
Advanced Micro Devices, Inc., AMD
Shares extended their momentum with an additional 0.3% gain in premarket activity Thursday morning, positioning the stock for what could be a 12th straight day in positive territory.
Looking at the broader picture, AMD shares have skyrocketed 192% over the past year. In 2025 alone, the stock has already appreciated 21%. This recent surge has been bolstered by a widespread market rally, fueled in part by optimism surrounding the ceasefire agreement in Iran.
Adding fuel to the semiconductor sector’s momentum, Taiwan Semiconductor — the global leader in contract chip manufacturing — announced a substantial increase in quarterly profits Thursday, further enhancing positive sentiment across the industry.
The broader chip sector showed mixed performance ahead of Thursday’s opening bell. Nvidia shares declined, Intel traded higher, and Marvell held steady.
Bernstein Increases Price Target, Highlights Meta Partnership
Bernstein SocGen Group elevated its price target for AMD to $265 from its previous $235 estimate, while maintaining its Market Perform rating on the shares. At the time of the upgrade, the stock was trading near $258, approaching its 52-week peak of $267.08.
The investment bank revised its financial model to incorporate stronger server market demand while tempering expectations for the PC segment. The firm now anticipates EPYC CPU revenue will expand approximately 50% year-over-year in 2026.
A critical component of Bernstein’s updated forecast centers on AMD’s strategic agreement with Meta, which analysts believe the broader investment community has yet to fully appreciate.
For the first quarter of 2026, Bernstein projects $9.9 billion in revenue and earnings of $1.27 per share. For the complete fiscal year, the firm forecasts $45.8 billion in revenue and $6.48 in earnings per share — figures that trail the Street consensus estimates of $47 billion and $6.74 respectively.
2027 Projections Show Substantial Upside
The most significant revision in Bernstein’s analysis appears in its 2027 financial outlook. The firm now anticipates $76.7 billion in revenue and $13.23 in earnings per share for that fiscal year — a dramatic increase from its previous forecast of $56.7 billion and $9.25, and substantially above the consensus estimate of $67.5 billion.
This substantial upward revision stems primarily from the Meta AI collaboration and enhanced server market assumptions.
Bernstein did note one potential headwind: Wall Street’s PC market estimates for 2026 appear overly optimistic, which could create pressure on near-term financial results.
Other Wall Street analysts have echoed bullish sentiment on the stock. Erste Group elevated AMD to Buy from Hold, highlighting robust data center demand and expanding profit margins. Aletheia Capital reaffirmed its Buy rating, emphasizing AMD’s expanding presence in AI computing infrastructure.
AMD is scheduled to announce earnings on May 5. The company previously provided guidance calling for 32% year-over-year revenue growth in the first quarter of 2026, powered by strong demand for data center CPUs and GPUs.
At present valuation levels, InvestingPro’s Fair Value analysis suggests the stock may be overvalued, although AMD maintains an attractive PEG ratio of 0.59.
