AMD Stock Today, December 11, 2025: Premarket Price, Lawsuit Shock and New AI Growth Forecasts

Advanced Micro Devices (AMD) is starting Thursday’s session under pressure. Before the opening bell on December 11, 2025, the stock is trading slightly lower in premarket dealings as investors weigh fresh lawsuits tied to Russian weapons, a softening tone on AI spending across markets, and still‑bullish long‑term forecasts for AMD’s AI data‑center business.

Below is a detailed look at what’s moving AMD stock this morning and what traders and long‑term investors should watch as Wall Street opens.

AMD stock premarket on December 11, 2025

Premarket price: AMD last changed hands around $219 in premarket trading, with roughly 410,000 shares traded, according to MarketChameleon’s premarket VWAP data. ^[1]
Reference close: The stock closed Wednesday at $221.42, having traded in a tight range between about $218.7 and $222.6, essentially flat on the day (‑0.09%). ^[2]

At current premarket levels near $219, AMD is indicated about 1% below Wednesday’s close, a modest move by the stock’s recent standards.

For context, after Wednesday’s regular session close, MarketWatch data show AMD slipping to about $219.02 in after‑hours trading, already pointing to some caution going into today. ^[3]

As always with premarket quotes: liquidity is thinner and prices can move quickly. By the time cash trading opens, AMD could be higher or lower than these indicative levels.

Why AMD is under pressure: new lawsuits over chips in Russian weapons

The biggest new headline for AMD today is legal risk.

Dallas lawsuits by Ukrainian civilians

Ukrainian civilians have filed five civil lawsuits in Dallas County, Texas against Intel, AMD, Texas Instruments and distributor Mouser Electronics. The suits allege that chips made by these companies were diverted via intermediaries into Russian missiles and Iranian‑made drones used in deadly attacks on Ukrainian cities. ^[4]

Key points from the complaints and reporting:

Plaintiffs accuse the companies of “domestic corporate negligence” and “deliberate ignorance” over alleged failures in export‑control and diversion‑prevention systems. ^[5]
The cases cite five attacks between 2023 and 2025, including a strike on Kyiv’s Okhmatdyt children’s hospital, claiming components traced to Intel, AMD and TI were recovered from Kh‑101 cruise missiles, Iskander ballistic missiles and Shahed‑type drones. ^[6]
Each plaintiff is seeking more than $1 million in damages, and the suits argue Texas is an appropriate jurisdiction because the companies or distributor have significant operations there. ^[7]
The companies have previously said they stopped sales to Russia after the full‑scale invasion and comply with sanctions, insisting any presence of their chips in Russian systems results from illicit resales beyond their control. ^[8]

From an investor perspective, these lawsuits add to an already complex export‑control and sanctions‑compliance overhang on the semiconductor sector. Even if damages are ultimately limited, the cases highlight:

Potential reputational risk for AMD around the use of its technology.
The possibility of more stringent compliance and monitoring costs.
The chance of follow‑on regulatory or political pressure in the US and Europe.

This legal news is one of the main fresh negatives hanging over AMD in premarket trading today.

Macro backdrop: AI spending jitters after Oracle’s results

Beyond the company‑specific headlines, AMD is trading into a morning where investors are again debating whether AI infrastructure spending is overheating:

Oracle’s latest earnings, reported last night, disappointed investors with weaker‑than‑expected profit guidance and sharply higher AI data‑center capex, raising questions about when AI investments will translate into sustainable profits. ^[9]
The Guardian’s live markets coverage notes that Oracle’s results and analyst target cuts have knocked sentiment across AI‑linked tech stocks, with some strategists explicitly flagging concerns about an “AI bubble” as heavy capex collides with uncertain returns. ^[10]

For AMD, whose story is now deeply tied to AI data‑center cycles, any sign that hyperscalers or enterprise customers might pull back or slow AI deployments can amplify volatility, even when its own fundamentals look strong.

Fundamentals remain strong: Q3 beat and bullish Q4 guidance

Despite the legal and macro noise, AMD is coming off a record quarter and upbeat guidance:

Q3 2025 revenue: $9.2 billion, up 36% year‑on‑year, a company record. ^[11]
Non‑GAAP EPS: $1.20, up 30% YoY and ahead of expectations. ^[12]
Data Center segment: $4.3 billion in revenue, up 22% YoY, powered by 5th‑gen EPYC CPUs and Instinct MI350 GPUs. ^[13]
Client + Gaming: $4.0 billion, up 73% YoY, with record Ryzen sales and strong gaming GPUs and semi‑custom console chips. ^[14]

Crucially, AMD guided for further acceleration:

Management expects Q4 2025 revenue of about $9.6 billion (± $300 million), implying roughly 25% year‑on‑year and ~4% sequential growth at the midpoint. ^[15]

Those numbers are being interpreted as a sign that the AI and data‑center boom is still in full swing for AMD, even as export controls weigh on some shipments and embedded revenue remains soft.

AMD has also been clear that Q3 results excluded any revenue from MI308 shipments to China, underscoring the impact of US export rules and the need to reroute inventory. ^[16]

Long‑term AI roadmap: Analyst Day targets and OpenAI deal

On November 11, AMD held its Financial Analyst Day and laid out an aggressive multi‑year AI and data‑center roadmap:

Company‑wide, AMD is targeting >35% revenue CAGR over the next three to five years, non‑GAAP operating margins above 35%, and non‑GAAP EPS “exceeding $20”. ^[17]
For its data‑center business, AMD is aiming for >60% revenue CAGR, with AI data‑center revenue growing more than 80% annually, underpinned by its Instinct GPU roadmap and EPYC server CPUs. ^[18]
Management’s ambition is to reach over 50% server CPU revenue share and to become a leading AI platform provider with multi‑generation GPU families (MI350, MI450, MI500) and “Helios” rack‑scale systems. ^[19]

Those high‑octane targets are reinforced by major customer wins:

In its Q3 release, AMD highlighted a strategic partnership with OpenAI: AMD is set to be a core preferred partner for a 6‑gigawatt GPU deployment, including MI450 GPUs from 2026, powering OpenAI’s next‑gen infrastructure. ^[20]
Oracle Cloud Infrastructure plans to deploy 50,000 MI450 GPUs in a Helios‑based AI supercluster starting in Q3 2026, combining MI450 accelerators, “Venice” EPYC CPUs and “Vulcano” networking. ^[21]
S&P Global’s Visible Alpha data show analysts now modeling AMD’s data‑center revenue at $16 billion in 2025, rising to $22.9 billion in 2026 and to around $34 billion by 2027, with upward revisions after the OpenAI deal. ^[22]

Put simply: Wall Street is baking in a scenario where data‑center AI becomes the main engine of AMD’s growth for the rest of the decade.

Export‑control overhang: 15% tax on China AI chip shipments

Export controls on high‑end AI chips remain one of AMD’s key structural risks – and another issue investors are watching today.

On December 5, Reuters reported that AMD CEO Lisa Su said the company holds licenses to ship some MI308 AI accelerators to China and is prepared to pay a 15% fee to the US government on those exports under a recent policy deal. ^[23]
MI308 is a downgraded version of the MI300X, explicitly designed to comply with US export rules for China, but it was later swept back into a more restrictive regime, alongside Nvidia’s H20. ^[24]

According to detailed risk analysis from independent research, export restrictions and inventory adjustments related to China have already cost AMD roughly $1.5 billion in 2025 revenue and about $800 million in inventory charges, and could continue to weigh on margins and growth if controls tighten further. ^[25]

These factors don’t change today’s premarket print, but they’re part of why any additional legal or regulatory headline — like the Ukraine‑related lawsuits — tends to hit AMD harder than a typical tech stock.

Wall Street’s view: price targets and ratings as of today

Despite the legal and macro clouds, analysts remain broadly bullish on AMD going into today’s session.

Consensus ratings and upside

MarketBeat’s latest summary (updated December 11) shows AMD with a “Moderate Buy” consensus rating:
- 3 analysts rate it Strong Buy
- 28 rate it Buy
- 11 rate it Hold
- 0 rate it Sell
- The average price target stands around $278.54. ^[26]
MarketWatch’s analyst estimates page lists an average target near $286.88 based on 56 ratings, with an overall “Overweight” view. ^[27]
Other aggregated data from FactSet‑style services place the mean target close to $284, also with an overweight / positive tilt. ^[28]

With AMD closing at $221.42 on Wednesday, those average targets imply roughly 26–30% upside over the next 12 months—assuming estimates and multiples hold.

Fresh analyst commentary and institutional flows

Recent research and filings highlighted in MarketBeat’s December 11 coverage include: ^[29]

Raymond James initiating coverage with an “Outperform” rating and a $377 price target.
Cantor Fitzgerald reiterating an “Overweight” rating with a $350 target.
TD Cowen lifting its target from $270 to $290, maintaining a Buy rating.
Piper Sandler reaffirming Overweight with a $280 target, while Wells Fargo raised its objective to $345 in recent weeks. ^[30]

On the ownership side:

Berkshire Capital Holdings increased its AMD stake by 584,900% in Q2, now holding 58,500 shares worth about $8.3 million, making AMD about 2.9% of its portfolio and the firm’s 18th‑largest holding. ^[31]
Multiple other institutions – including Analog Century Management and NewEdge Advisors – have added to positions, contributing to institutional ownership above 70% of the float. ^[32]

There’s also a separate MarketBeat alert today noting additional share purchases by BNP Paribas on recent filings, reinforcing the narrative of continued institutional accumulation even after AMD’s big 2025 run. ^[33]

Independent price forecasts through 2030

Beyond Wall Street’s 12‑month targets, several research outlets and algorithmic forecast platforms have published longer‑dated projections that investors might look at today—though they should always be treated as scenarios, not certainties.

24/7 Wall St. forecast (fundamental + valuation model)

A November 19 forecast from 24/7 Wall St. projects the following AMD path based on earnings growth and valuation assumptions: ^[34]

Year	EPS (est.)	Price Target	% vs “current” price (at time of report)
2025	$6.84	$233.21	+1.3%
2026	$7.90	$311.18	+35%
2027	$9.81	$380.76	+65%
2028	$10.20	$416.90	+81%
2029	$11.20	$451.30	+96%
2030	$13.21	$478.39	+108%

The same piece notes AMD was already up about 91% year‑to‑date at the time of publication, so some of this expected appreciation is on top of a massive 2025 rally. ^[35]

Algorithmic forecast (CoinCodex)

CoinCodex, which uses a blend of technical indicators and statistical models, currently suggests that in December 2025 AMD could trade in a band between roughly $219 and $248, with an average value around $232, implying a low‑double‑digit annual return from earlier 2025 levels. ^[36]

Deep‑dive fundamental research (PredictStreet)

A December 5 deep‑dive on AMD’s fundamentals models: ^[37]

>35% overall revenue growth annually for 3–5 years.
60% CAGR for data‑center revenue and 80% CAGR for AI data‑center revenue.
Potential long‑term EPS reaching around $20, aligning with AMD’s own targets.
A bull‑case scenario in which AI chip revenue could exceed $10 billion by the end of 2025, with AMD’s MI400 and MI500 series extending that ramp in 2026–2027.

Some analysts in that report even envision scenarios where AMD’s share price could reach $500+ by 2028 and approach four digits by 2030, though those are clearly optimistic, execution‑dependent cases rather than baseline expectations. ^[38]

Valuation and technical snapshot

Today’s premarket trading needs to be seen against AMD’s already stretched – but improving – valuation:

A recent MarketBeat snapshot put AMD’s trailing P/E around 110 and forward P/E in the mid‑30s, reflecting high expectations for earnings expansion. ^[39]
The stock’s 12‑month low sits in the mid‑$70s, while the high is above $260, underscoring how violently AMD has re‑rated during the AI boom. ^[40]
Research sites like Simply Wall St and others now describe AMD as trading above many fair‑value models, even as they acknowledge strong earnings and revenue momentum; some frameworks suggest “expensive but justified if AI growth materializes,” while others caution that multiple compression is a real risk if growth disappoints. ^[41]

Direxion’s recent note “AI Acceleration or Overheating? AMD’s Bull Run Faces Its Test” captures the tension: AMD’s MI300‑driven AI success has driven the stock to new highs, but even strong quarters can trigger pullbacks when expectations are sky‑high and investors start questioning how long AI capex can outpace profits. ^[42]

Key risks to keep in mind today

Going into the December 11 session, these are the risks most likely to shape AMD’s near‑term trading:

Legal and reputational risk from Ukraine‑related lawsuits
- The Dallas lawsuits introduce uncertainty around potential damages, legal costs, and scrutiny of AMD’s export‑control procedures. Even if AMD ultimately prevails, the process could be noisy and headline‑driven. ^[43]
Export controls and China exposure
- The 15% export fee on certain AI chips shipped to China, along with MI308 restrictions, complicate AMD’s ability to fully monetize demand in the world’s second‑largest economy. ^[44]
AI capex and “bubble” concerns
- Oracle’s results and higher‑than‑expected AI data‑center spending are feeding worries that AI capex may be running ahead of near‑term returns, which could eventually curb orders for chips and accelerators if customers turn more cautious. ^[45]
Valuation and volatility
- With a triple‑digit trailing P/E and a stock that has already gained around 90% this year, even small disappointments—on growth, export rules, or macro conditions—can have an outsized impact on AMD’s share price. ^[46]

What investors should watch as AMD stock opens

Here are the main things to monitor around the open and into today’s session:

Price action vs. premarket indication
Does AMD open near the ~$219 premarket level, or do buyers use the dip to step in? Heavy volume off the open could signal that funds are actively repositioning around the lawsuit news and AI sector jitters. ^[47]
Sector moves in AI and semiconductors
Watch how Nvidia, Intel, Broadcom, Micron and AI‑heavy cloud names trade. Broad weakness in AI infrastructure stocks would suggest today’s move is more about macro AI worries than AMD‑specific fundamentals. ^[48]
Any AMD statement on the lawsuits
If AMD issues a response clarifying its compliance systems or the expected financial impact of the lawsuits, it could significantly shift sentiment—either by calming fears or by revealing additional risk. ^[49]
Analyst reactions and target changes
New notes that either downplay the lawsuits as long‑tail risk or highlight potential for larger damages could prompt rapid revisions in short‑term price targets and trading recommendations.

Bottom line on AMD stock this morning

At about 5:00 a.m. ET on December 11, 2025, AMD stock is indicated modestly lower in premarket trading, as the market digests:

New legal risks tied to alleged misuse of AMD chips in Russian weapons.
Lingering export‑control and China‑exposure concerns, now including a 15% fee on some AI chip shipments.
Macro anxieties about AI spending and profitability, reinforced by Oracle’s earnings.
Still very strong AI‑driven fundamentals and growth forecasts, with Wall Street largely maintaining Buy‑leaning ratings and substantial upside targets.

Whether AMD’s long‑term AI narrative or these short‑term legal and macro headwinds dominate today’s trading will likely depend on how aggressively institutions buy the dip—and whether any new headlines hit the tape before or shortly after the opening bell.

This article is for informational and news purposes only and does not constitute financial or investment advice. Always do your own research or consult a licensed financial adviser before making investment decisions.