--- title: "What's Going On With AMD Stock Monday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/304848490.md" description: "AMD stock rose over 3% in premarket trading, driven by strong AI demand and a robust Q4 revenue forecast of approximately $17 billion. The company reported Q3 revenue of $13.38 billion, beating estimates, with data center sales surging 97%. Analysts remain bullish, citing AMD's growing advantage over Intel in the data center sector, despite valuation concerns and near-term technical resistance." datetime: "2026-11-09T11:45:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304848490.md) - [en](https://longbridge.com/en/news/304848490.md) - [zh-HK](https://longbridge.com/zh-HK/news/304848490.md) generator: "portal-rs" --- # What's Going On With AMD Stock Monday? **Advanced Micro Devices Inc.** (NASDAQ:AMD) stock rose more than 3% in Monday’s premarket trading as investors returned to semiconductor stocks amid stronger market futures and optimism surrounding artificial intelligence demand. Nasdaq futures gained 0.51%, while S&P 500 futures climbed 0.71%, supporting technology stocks. The rebound comes after AMD pulled back from its October highs despite strong third-quarter earnings and an upbeat fourth-quarter revenue forecast. ## AI Boom Fuels Growth Expectations AMD recently reported third-quarter revenue of $13.38 billion, up 45% year over year and above Wall Street’s $13.09 billion estimate. Adjusted earnings reached $2.09 per share, beating the $1.95 consensus estimate. Data center revenue surged 97% to $8.5 billion, accounting for roughly 64% of total sales. AMD expects fourth-quarter revenue of approximately $17 billion, plus or minus 3%, above analysts’ $16.23 billion forecast. CEO **Lisa Su** expects growth to accelerate as the company expands production of its Helios AI systems and Venice server processors. However, AMD forecasts an adjusted gross margin of 55%, down from 56% in the third quarter. ## AMD’s Growing Advantage Over Intel In a Nov. 6 report, **Counterpoint Research** highlighted AMD’s growing advantage over **Intel Corp.** (NASDAQ:INTC) in data center revenue. Counterpoint expects AMD’s data center revenue to reach approximately $77 billion in 2027, split almost evenly between server processors and AI hardware. The research firm also expects AMD’s data center business to account for more than 80% of total revenue next year. Counterpoint noted that AMD’s fourth-quarter revenue forecast of $17 billion exceeds Intel’s approximately $15.5 billion midpoint forecast. However, the firm said AMD’s advantage comes primarily from AI accelerators rather than traditional server processors. **See More: Top Value Stocks** ## Analysts Remain Bullish Despite Valuation Concerns AMD carries a consensus Buy rating and an average analyst price forecast of $640.96. On Monday, **Oppenheimer** upgraded AMD to Outperform with a $600 price forecast. Meanwhile, **UBS** maintained its Buy rating but lowered its price forecast to $700 on Nov. 4. **JPMorgan** maintained Neutral while raising its forecast to $575. AMD trades at approximately 95.9 times earnings, reflecting elevated expectations for future growth. Benzinga Edge rankings give AMD a Momentum score of 93.27, Growth score of 87.17 and Quality score of 90.64. However, its Value score of just 5.22 highlights the stock’s premium valuation. ## AMD Stock Technical Analysis AMD remains above its 200-day simple moving average of $415.98, supporting its longer-term bullish trend. However, shares remain below the 20-day average of $527.30 and the 50-day average of $546.81, signaling continued near-term weakness. The moving average convergence divergence indicator, or MACD, also remains below its signal line, suggesting bearish momentum. Traders are watching resistance near $491 and support around $463. ## AMD Price Action AMD shares gained 3.15% to $463.18 in Monday’s premarket trading, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: NVIDIA's Spy Scare Hits at the Worst Possible Time for AI Bulls** ### 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) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) ## Related News & Research - [AMD Is a 'Top Pick': TD Cowen Sees Strong AI Momentum After Q3 Beat and Raise](https://longbridge.com/en/news/304264552.md) - [‘Everyone Needs Compute’: Lisa Su Sees AMD’s AI Data Center Business More Than Doubling in 2027 as Wedbush Backs $600 Target](https://longbridge.com/en/news/304242508.md) - [AMD (AMD) Q3 earnings: what to expect](https://longbridge.com/en/news/303892265.md) - [AMD Q3 Earnings Preview: Can AI Chip Growth Reverse an 11% Decline? 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