The share price of American semiconductor giant Advanced Micro Devices (NASDAQ: AMD) is on a bullish run as investors react to the company’s projected profit growth.
Amid this rally, insights from OpenAI’s ChatGPT suggest the momentum is likely to continue through the end of November. As of press time, AMD stock was trading at $261, up more than 10% for the day.
Why AMD stock is rallying
The surge follows AMD’s forecast of strong profit growth over the next five years, driven by rising AI demand for its data-center chips. The company expects data-center revenue to hit $100 billion and earnings to more than triple by 2030.
In this regard, CEO Lisa Su said AI is central to AMD’s long-term strategy, with the data-center market poised to reach $1 trillion by 2030. CFO Jean Hu projected 35% annual growth for AMD overall and 60% growth in data-center operations over the next three to five years.
This outlook comes on the heels of AMD’s impressive Q3 2025 results, with revenue around $9.2 billion, a 52% gross margin, and operating income up 75% year-over-year. Its client and gaming segments also performed strongly, growing roughly 73% year-over-year. Looking ahead, AMD plans to launch next-generation AI chips, the MI400 series in 2026, the Helios rack system, and continue its leadership in chiplet packaging.
AMD stock price prediction
Regarding price outlook, ChatGPT suggested AMD stock could reach $290 to $295 by November 30. In a bullish scenario, positive updates and sustained momentum could push shares to $300 or $310, while a conservative outlook sees a slight market correction to $275 or $280.
Despite the bullish outlook, some caution is warranted. With a forward price-to-earnings ratio near 128x, valuations are high, which could limit short-term upside and prompt profit-taking.
Meanwhile in the wake of the recent revenue and profit projection, a section of Wall Street has turned bullish on AMD stock. For instance, Wells Fargo raised its price target from $300 to $345, while Melius increased its target from $300 to $380.
Evercore ISI nudged its target from $270 to $283, and Mizuho lifted its target from $275 to $285, On the other hand, Bernstein SocGen, taking a more cautious approach, maintained its Market Perform rating with a target of $200.
Overall, analysts are showing confidence in AMD’s performance, particularly amid growing AI-driven demand for its data center chips, though sentiment ranges from bullish optimism to measured caution.
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