Advanced Micro Devices Inc. (AMD) shares are climbing Wednesday morning, shaking off the early-week jitters that sent investors scrambling. The recovery comes courtesy of some hefty AI infrastructure announcements and bullish long-term projections that are helping the market forget about recent competitive concerns.
What's Driving the Momentum
The chipmaker is catching a tailwind from news of an expanded partnership with Hewlett Packard Enterprise. The collaboration centers on Helios, an open, rack-scale AI architecture that integrates AMD EPYC CPUs and Instinct GPUs, scheduled for a global rollout in 2026. If that wasn't enough, cloud partner Vultr just announced a substantial expansion in Ohio, planning to deploy 24,000 MI355X GPUs to power a new AI supercluster.
These developments are doing some heavy lifting to calm nerves after reports surfaced that Meta Platforms might shift workloads to Google's custom TPUs, which initially triggered a sharp selloff. But AMD had an answer ready: the ZAYA1 foundation model, trained on MI300X GPUs, reportedly outperforms Meta's Llama-3-8B with 10x faster save times. Not a bad counterpoint.
Analyst Confidence Remains Strong
Adding fuel to the recovery, analysts at Wedbush and Bank of America have reiterated their confidence in AMD's trajectory. They see a clear path to $100 billion in data center revenue and project a 35% compound annual growth rate through 2030. That kind of optimism goes a long way when you're trying to stabilize against a rival like Nvidia (NVDA).
Reinforcing this positive outlook, MarketDash Edge rankings assign AMD a Growth score of 91.15 and a Momentum score of 91.13, signaling strong underlying fundamentals despite the stock's negative short-term price trend.
Where the Stock Stands
Advanced Micro Devices shares were up 0.79% at $216.94 at the time of publication Wednesday, according to market data.
The 52-week range for AMD has been quite extensive, with a low of $76.48 and a high of $267.07. This wide range highlights the stock's volatility and the potential for significant price movements. The current price sits closer to the upper end of this range, which could act as a psychological resistance level for traders.
How To Buy AMD Stock
Besides heading to a brokerage platform to purchase a share, or fractional share, of stock, you can also gain access to shares by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Advanced Micro Devices' case, it's in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.