AMD Stock Rises On Report Intel May Build Chips For Rival

Advanced Micro Devices AMD gained ground Thursday after a Semafor scoop said Intel (INTC) holds early-stage talks to add AMD as a foundry customer.

The report pushed investor interest in chipmakers, with traders parsing what a U.S.-based manufacturing tie-up could mean for supply chains and competition.

Markets reacted: AMD shares rose 3% on Thursday late morning amid the headlines and broader AI-driven demand that already lifts chip peers.

Analysts note AMD still relies heavily on TSMC TSM for production today, so any deal with Intel would represent a material shift if it moves forward.

The rally sits against a backdrop of strong chip-sector momentum, Nvidia NVDA and others also saw gains as investors weigh AI spending trends.

Is AMD Stock a Buy?

Based on the one year price targets offered by 41 analysts, the average target price for Advanced Micro Devices Inc is $184.58 with a high estimate of $230.00 and a low estimate of $134.20. The average target implies a upside of +9.58% from the current price of $168.44.

Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc in one year is $191.35, suggesting a upside of +13.60% from the current price of $168.44. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page.