AMD Stock Emerges as Wall Street’s Top Semiconductor Pick for 2026
Advanced Micro Devices (AMD) surged 77% in 2025, with analysts forecasting another 32% rally to $283.03 by 2026. The stock currently trades at $214, 19.8% below its October 2025 peak of $267.08. A breakout above $225 could signal a return to all-time highs.
AMD's valuation remains compelling at 7.87x price-to-sales—less than a third of Nvidia's 22.28x multiple. Institutional interest grew with 115 hedge funds holding positions in Q3 2025, up from 113 the prior quarter. The AI infrastructure boom and data-center expansion continue driving momentum.