TLDR
- Rosenblatt Securities maintains Buy rating with $250 price target ahead of Q3 earnings
- Code leaks in BIOS update reveal Strix Point APU development, possibly launching Q4 2025
- AI products now represent 21% of AMD’s total revenue, up from previous quarters
- AMD stock up 90% year-to-date, with shares gaining 50% over past 12 months
- Wall Street consensus shows Moderate Buy rating with average price target of $249.92
Advanced Micro Devices heads into third-quarter earnings with analyst expectations running high and new product leaks creating buzz among investors. The chipmaker’s stock climbed Thursday after code discovered in a BIOS update pointed to upcoming processors in development.
Advanced Micro Devices, Inc., AMD
Rosenblatt Securities analyst Kevin Cassidy reiterated a Buy rating on the stock. He set a price target of $250 per share. Cassidy expects AMD to deliver a beat-and-raise quarter when it reports results.
The analyst pointed to steady demand for server and PC chips as key drivers. Stronger adoption of AMD’s AI products also supports his bullish outlook. Server components have become a core growth driver as data centers expand their infrastructure.
AI revenue has climbed to an estimated 21% of AMD’s total sales. This marks an increase from previous quarters. The growing percentage reflects broader industry trends as companies invest in AI computing infrastructure.
Cassidy said investor attention will likely center on two products during the Q3 earnings call. The Instinct GPUs and new Helios rack-scale platform compete directly in the AI data center market. These products face competition from other chipmakers targeting the same space.
Product Pipeline Fuels Investor Interest
Code leaks discovered Thursday provided hints about AMD’s consumer product roadmap. The BIOS update contained references to Strix Point, the internal codename for new APUs. These processors combine CPU and GPU functions in a single chip.
APUs serve a different market than traditional processors. They’re commonly found in laptops where space and power constraints matter. Desktop versions also exist for budget-conscious consumers.
AMD hasn’t officially announced the Strix Point line. However, speculation about a release has circulated for months. Earlier estimates suggested a fourth-quarter 2025 launch window. If that timeline holds, the new products could boost sales before year end.
The platform details remain unclear based on available leaks. Some sources claim Strix Point will use Zen 5 architecture on the AM5 platform. Other leaks suggest the chips will refresh Zen 4 technology while still using AM5.
Additional hardware leaks have mentioned possible Ryzen 7 9850X3D and Ryzen 9 9950X3D2 CPUs. These remain unconfirmed by the company.
Wall Street Maintains Positive Outlook
AMD stock dipped about 3% earlier this week. Despite the pullback, shares have climbed roughly 90% in 2025. The year-to-date performance reflects optimism around the company’s expanding role in AI computing.
Shares have also gained 50% over the past 12 months. Thursday’s trading saw the stock up 0.44%. The AI boom has increased demand for AMD’s server components throughout the year.
Wall Street maintains a Moderate Buy consensus on the stock. The rating is based on 29 Buy recommendations and 10 Hold ratings issued over the past three months. No analysts currently rate the stock as a Sell.
The average price target sits at $249.92 per share. This represents approximately 9% upside from current trading levels. Price targets range across the analyst community based on different revenue and margin assumptions.
Cassidy expects management to strike an upbeat tone during the Q3 earnings call. The analyst believes momentum could build further after the company’s Analyst Day scheduled for November 11. Investors will hear more details about AMD’s 2026 product roadmap at that event.
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