AMD Stock Is on a Run Not Seen Since 2005 — And It’s Not Done Yet

TLDR

• AMD has risen for 11 consecutive days, its longest winning streak since 2005
• The stock is up 32% over that 11-day run and 192% over the past 12 months
• Bernstein raised its price target on AMD to $265 from $235, keeping a Market Perform rating
• Bernstein now models 2027 revenue at $76.7 billion, well above the $67.5 billion consensus, partly due to the Meta AI deal
• Taiwan Semiconductor reported a sharp quarterly profit rise on the same day

AMD has been quietly putting together one of its best stretches in two decades. As of Wednesday’s close, the stock had gained 32% over 11 straight sessions — its longest closing winning streak since 2005, according to Dow Jones Market Data.

Advanced Micro Devices, Inc., AMD

The stock was up another 0.3% in premarket trading Thursday, putting it in line for a 12th consecutive day of gains.

Over the past 12 months, AMD is up 192%. Year to date, it has gained 21%. The recent run has been helped along by a broader market rally, including optimism tied to the ceasefire in Iran.

On Thursday, Taiwan Semiconductor — the world’s largest contract chip maker — reported a sharp rise in quarterly profit, adding to the positive mood around the sector.

The rest of the chip space was mixed ahead of the U.S. open. Nvidia was down, Intel was up, and Marvell was flat.

Bernstein Raises Target, Flags Meta Deal

Bernstein SocGen Group raised its AMD price target to $265, up from $235, while keeping a Market Perform rating. The stock was trading around $258 at the time, near its 52-week high of $267.08.

The bank updated its model to reflect stronger server demand and weaker PC assumptions. It now expects EPYC CPU sales to grow roughly 50% year-over-year in 2026.

A key part of the revised outlook is AMD’s deal with Meta, which Bernstein says the broader market hasn’t fully priced in yet.

For Q1 2026, Bernstein models $9.9 billion in revenue and $1.27 in earnings per share. For the full year, it sees $45.8 billion in revenue and $6.48 EPS — below the Street consensus of $47 billion and $6.74.

2027 Outlook Stands Out

The bigger move is in Bernstein’s 2027 numbers. The firm now models $76.7 billion in revenue and $13.23 EPS for that year — up sharply from its prior estimate of $56.7 billion and $9.25, and well ahead of the $67.5 billion consensus.

That jump is driven largely by the Meta AI deal and increased server assumptions.

Bernstein did flag one area of caution: Street PC estimates for 2026 look too high, which could weigh on near-term numbers.

Other analysts have also been positive. Erste Group upgraded AMD to Buy from Hold, pointing to data center demand and improving profitability. Aletheia Capital reiterated a Buy, citing AMD’s growing role in AI compute.

AMD is set to report earnings on May 5. The company had previously guided for 32% year-over-year revenue growth in Q1 2026, driven by data center CPU and GPU demand.

At current levels, InvestingPro’s Fair Value metrics flag the stock as overvalued, though AMD carries a low PEG ratio of 0.59.

The post AMD Stock Is on a Run Not Seen Since 2005 — And It’s Not Done Yet appeared first on CoinCentral.