--- title: "What's Going On With AMD Stock Thursday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/300672796.md" description: "AMD stock rallied nearly 30% in September, driven by AI demand and a $8.2B acquisition of World Labs to enhance spatial-intelligence capabilities. CEO Lisa Su aims to integrate frontier-model research for better hardware design. Analysts maintain Buy ratings with price targets up to $720, citing strong momentum and competitive positioning against NVIDIA. The stock trades near 52-week highs, supported by significant ETF holdings and broadening AI infrastructure spending." datetime: "2026-10-01T10:13:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300672796.md) - [en](https://longbridge.com/en/news/300672796.md) - [zh-HK](https://longbridge.com/zh-HK/news/300672796.md) generator: "portal-rs" --- # What's Going On With AMD Stock Thursday? **Advanced Micro Devices Inc.** (NASDAQ:AMD) is expanding beyond traditional chipmaking as it builds a broader AI ecosystem around processors, software, models and systems, while experts point to agentic AI and inference as new demand drivers for its CPUs and GPUs. AMD stock gained almost 30% in September and almost 200% year-to-date, briefly pushing the company above a $1 trillion market value, fueled by artificial intelligence infrastructure demand. ## Why AMD Is Spending $8.2 Billion On World Labs AMD agreed to acquire **World Labs** for $8.2 billion in stock, gaining spatial-intelligence technology that can generate, reconstruct and simulate 3D environments for robotics, autonomous systems, simulation and other physical AI applications. CEO **Lisa Su** said closer access to frontier-model research could help AMD anticipate future computing requirements and design its hardware, software and systems around them. “The more you understand end to end, the better system you are going to build,” Su said. “That’s why we are acquiring World Labs.” World Labs founder **Fei-Fei Li** will become AMD executive vice president and chief scientist. Li said the combination could “accelerate the flywheel between software and hardware development.” The acquisition extends AMD’s broader AI expansion. The company previously acquired **ZT Systems** for $4.9 billion and **Silo AI** for $665 million, while also announcing a deal for specialized chip company **Taalas**. AMD has also deepened ties with major AI customers. Its chip agreements with **Meta Platforms Inc.** (NASDAQ:META) and **OpenAI** included potential equity arrangements, while AMD agreed to invest up to $5 billion in **Anthropic**, which committed to buying tens of billions of dollars of AMD data-center chips. ## Cramer Sees Agentic AI Supporting Demand CNBC’s **Jim Cramer** said the shift from AI training toward inference and AI agents could create another growth engine for AMD because those workloads require more CPU processing. Cramer called AMD’s rise under Su an “incredible run” and said he sees no sign that it is going to stop anytime soon. He still views **NVIDIA Corp.** (NASDAQ:NVDA) as the leading AI-chip supplier but believes demand can support multiple vendors and said AMD’s products are more competitive than some investors recognize. The company is also expanding its GPU business through large commitments from Meta and OpenAI, strengthening its position as AI spending broadens across CPUs, accelerators and complete computing systems. **See More: Top Value Stocks** ## AMD Stock Analysis AMD stock rose more than 1% in Thursday premarket trading as investors continued to favor large-cap semiconductor stocks. Nasdaq futures gained 0.37%, while S&P 500 futures rose 0.11% before the opening bell. The stock is benefiting from a firmer broader market and continued strength in semiconductor stocks. AMD remains in a strong uptrend, trading well above its major moving averages. The stock is 12.1% above its 20-day SMA and 66.3% above its 200-day SMA. Momentum is also positive, with MACD above its signal line. The stock was trading at $620.30, close to its 52-week high of $639. A breakout above that level could signal further upside, while support sits near $498. ## Analyst Outlook AMD trades at a price-to-earnings ratio of about 156.1, reflecting a premium valuation. Analysts have a Buy consensus rating on the stock, with an average price forecast of $618.84. **StoneX** maintained a Buy rating and a $685 price forecast on Sept. 29. **Rosenblatt** maintained a Buy rating and a $700 price forecast the same day. **Bank of America Securities** maintained its Buy rating on Sept. 25 and raised its price forecast to $720. ## AMD Top ETF Exposure The stock is a major holding in several semiconductor and technology ETFs. The **iShares Semiconductor ETF** (NASDAQ:SOXX) has an 8.74% weighting in AMD. The **Invesco AI and Next Gen Software ETF** (NYSE:IGPT) has an 8.51% weighting, while the **First Trust Nasdaq Semiconductor ETF** (NASDAQ:FTXL) has a 6.79% weighting. AMD’s sizable weight in these funds means large ETF inflows or outflows can also contribute to buying or selling pressure in the stock. ## Price Action AMD shares rose 1.4% to $620.30 in Thursday premarket trading, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: AI’s Semiconductor Boom Has a Clear Center of Gravity: Taiwan Semiconductor** ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMDC.US](https://longbridge.com/en/quote/AMDC.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDS.US](https://longbridge.com/en/quote/AMDS.US.md) - [AMDU.US](https://longbridge.com/en/quote/AMDU.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMYY.US](https://longbridge.com/en/quote/AMYY.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [BREAKINGVIEWS-AMD takes an $8 bln leap at Nvidia](https://longbridge.com/en/news/300594863.md) - [AMD makes a big bet on the next era of AI with World Labs acquisition](https://longbridge.com/en/news/300358334.md) - [BREAKINGVIEWS-AMD takes an $8 bln leap at Nvidia](https://longbridge.com/en/news/300680889.md) - [AMD's $8.2 Billion AI Deal Takes Aim at Nvidia's Biggest Advantage](https://longbridge.com/en/news/300464933.md) - [Nvidia and AMD: Top Rosenblatt Analyst Highlights Different Paths to AI Growth](https://longbridge.com/en/news/300452635.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**