AMD Stock Today (Nov. 17, 2025): TD Cowen Reaffirms $290 Target as GPU Price Jitters Hit AI Favorite

AMD stock price today, 17 November 2025

Advanced Micro Devices (NASDAQ: AMD) is trading lower today as Wall Street digests another wave of AI‑related headlines and a fresh rumor about GPU price hikes.

As of the latest trade around 17:33 UTC (12:33 p.m. ET), AMD shares were changing hands at about $243.52, roughly 1.3% below Friday’s close near $246.81. ^[1]
Intraday, the stock has been fluctuating in the low‑ to mid‑$240s after a strong multi‑week run driven by earnings and AMD’s expanded AI roadmap. ^[2]

Even with today’s pullback, AMD remains up sharply year‑to‑date and is still priced for very high growth expectations in AI and data center computing.

The key AMD headlines on November 17, 2025

Here are the main news items specifically about AMD stock today, 17.11.2025, that traders are reacting to:

TD Cowen sticks with a $290 price target
Research firm TD Cowen reaffirmed its $290 price target on AMD, calling out “sustained growth prospects” tied to accelerating AI demand and AMD’s position in high‑performance compute chips. The note emphasizes AMD’s role in supplying AI‑focused CPUs and GPUs and says recent volatility hasn’t changed the long‑term thesis. ^[3]
GPU price hike rumor pressures the share price
A widely shared TipRanks article reports that AMD has informed partners it plans to raise prices on its GPUs, including cards used for AI workloads and PC gaming. The move is reportedly driven by sharply higher memory costs as DRAM and NAND prices spike on AI‑driven demand. Investors worry that higher GPU prices could dampen unit demand or hand Nvidia competitive leverage, and the headline is explicitly cited as a reason “AMD stock was down on Monday.” ^[4]
“AMD is targeting Nvidia’s AI lead” — but must close the software gap
A new 24/7 Wall St analysis argues that AMD is aggressively targeting Nvidia’s AI dominance with an end‑to‑end platform strategy, aiming for around $100 billion in data‑center revenue by 2030 and projecting >60% compound annual growth in that segment. However, the piece stresses that the plan “hinges on one thing”: making AMD’s ROCm software stack competitive with Nvidia’s CUDA ecosystem to win over developers and hyperscalers. ^[5]
Deep‑dive SWOT analysis on AMD’s AI ambitions
Investing.com published a detailed SWOT analysis this morning, highlighting AMD’s long‑term AI opportunity and its execution risks. It notes:
- AI silicon TAM of over $1 trillion by 2030, with AMD targeting double‑digit share and $100+ billion in potential annual data‑center revenue by decade’s end.
- A landmark OpenAI partnership involving a commitment to purchase about 6 gigawatts of AMD hardware, which some analysts estimate could translate into $80–100 billion in revenue through 2030 if fully realized.
- Execution and ecosystem risks, especially AMD’s reliance on partners for networking and the relative immaturity of its software stack versus Nvidia’s CUDA. ^[6]
Two new Seeking Alpha pieces underscore both enthusiasm and caution
- In “AMD: Cautiously Bullish On MI450 And Helios Next Year”, an analyst reiterates a cautious buy rating after AMD beat Q3 expectations. The article highlights record Q3 2025 revenue of ~$9.25B (up ~36% YoY), strong data‑center and gaming trends, and the significance of the MI450 “Helios” rack‑scale AI systems. But it also flags valuation: AMD is trading at roughly high‑double‑digit forward earnings, well above the tech sector median and more expensive than Nvidia on that basis, leaving little room for missteps. ^[7]
- A separate article, “AMD Q3: The Underdog Running Circles Around Rivals,” labels the stock a “Strong Buy”, tying the rating to robust AI catalysts and AMD’s accelerating data‑center momentum. ^[8]
Comprehensive AI SWOT and analyst target roundup
The same Investing.com report lists a long roster of bullish analysts: Bank of America, Barclays, Evercore ISI, Mizuho and others, many with price targets around $275–$300 and ratings from Buy to Overweight / Outperform in recent weeks. ^[9]
Motley Fool & related coverage keep the AI narrative in the spotlight
Several Motley Fool videos and articles are circulating today under headlines like “Lisa Su Just Delivered Incredible News for AMD Stock Investors,” “AMD Just Delivered Amazing News for AI Stock Investors,” and “Why Is Everyone Excited About AMD Stock?” These pieces focus on:
- AMD’s rapid progress in AI accelerators and its mega‑deal with OpenAI.
- The company’s upgraded long‑term financial targets and revenue growth profile.
- The idea that AMD is finally pleasing shareholders after years of playing catch‑up in AI. ^[10]
“Nvidia vs. AMD: the gap isn’t closing” — competition still fierce
A new Benzinga piece argues that despite AMD’s progress, Nvidia still retains a large lead in AI GPUs and ecosystem depth. It frames Nvidia as Wall Street’s preferred AI chip stock heading into its earnings report this week, reinforcing the sense that AMD remains the challenger rather than the default choice. ^[11]

Taken together, today’s news flow is overwhelmingly about AI: massive long‑term opportunity, big partnerships, and ambitious targets — balanced by concerns around execution, software, pricing, and valuation.

AI roadmap and the OpenAI megadeal: the core of the bull case

The current spike in AMD coverage is directly tied to the company’s Financial Analyst Day held on November 11, 2025, where management laid out its most aggressive long‑term plan yet.

From AMD’s own press release and follow‑up analysis: ^[12]

AMD aims to “lead the $1 trillion compute market”, with a company‑wide target of >35% revenue CAGR over the next 3–5 years.
The new long‑term model calls for:
- Non‑GAAP operating margin >35%
- Non‑GAAP EPS above $20
- Data‑center revenue CAGR >60%, driven largely by AI accelerators
- AI‑specific revenue CAGR >80%, as AMD scales its Instinct GPU and rack‑scale offerings
AMD’s AI hardware roadmap centers on:
- The current Instinct MI350 GPUs, described as the company’s fastest‑ramping product ever.
- “Helios” rack‑scale systems built around next‑gen MI450 accelerators, expected to launch in 2H 2026 with very high memory capacity and bandwidth.
- A further MI500 series planned for 2027, extending the AI performance roadmap.

The OpenAI deal is the single most eye‑catching data point in today’s commentary:

Investing.com and 24/7 Wall St both describe a multi‑year partnership in which OpenAI commits to purchase around 6 gigawatts of AMD AI hardware, potentially generating $80–100 billion in cumulative revenue through 2030 if fully executed. ^[13]
Analysts see this as validation that AMD is no longer just Nvidia’s foil but a credible second source for hyperscale AI infrastructure.

This is why many recent articles — and several Wall Street banks — are comfortable modeling very steep growth trajectories for AMD’s data‑center and AI businesses and assigning price targets in the high‑$200s or above. ^[14]

Quick fundamental snapshot: record Q3 and new long‑term targets

Underneath the headlines, AMD’s latest reported quarter provides the foundation for today’s bullish narratives:

Q3 2025 results (reported Nov. 4)
- Revenue: ~$9.25 billion, a 36% year‑over‑year increase, and a record for the company. ^[15]
- Non‑GAAP EPS: around $1.20, above consensus near $1.17. ^[16]
- Non‑GAAP gross margin: mid‑50% range (~54%). ^[17]
- Segment highlights:
  - Data Center revenue around $4.3–4.34 billion, up ~22% YoY, driven by EPYC CPUs and Instinct AI GPUs. ^[18]
  - Client revenue roughly $2.8 billion, up ~46% YoY, helped by strong Ryzen CPU demand including the Ryzen 7 9800X3D. ^[19]
  - Gaming revenue about $1.3 billion, nearly tripling YoY as Radeon GPU and semi‑custom console sales recovered. ^[20]
Guidance and long‑term model
- Management guided Q4 2025 revenue to around $9.3–$9.9 billion, again above pre‑announcement expectations. ^[21]
- The long‑term financial model — >35% company‑wide revenue CAGR, >35% non‑GAAP operating margin, and EPS above $20 — is what pushed several analysts to boost price targets in early November. ^[22]

Today’s analyst and blog coverage builds on these fundamentals, essentially debating whether AMD’s current share price already discounts this aggressive path or still underestimates it.

Why the stock is down today: execution risk, pricing fears, and Nvidia

If the news is so positive, why is AMD stock trading lower on November 17?

1. Execution risk looms large

Several of today’s articles explicitly highlight execution risk:

Investing.com’s SWOT breakdown points to the complexity of rolling out rack‑scale MI450 “Helios” systems at multi‑gigawatt scale, AMD’s dependence on partners for networking, and the challenge of matching Nvidia’s deeply entrenched CUDA software ecosystem. ^[23]
Even the cautiously bullish Seeking Alpha note warns that at around high‑double‑digit forward P/E, AMD has little room for disappointment — any delay in MI450, ROCm adoption, or OpenAI‑related deployments could spark sharp pullbacks. ^[24]

2. GPU price hike rumor is a near‑term overhang

The TipRanks story about AMD planning to raise GPU prices is today’s clearest direct negative catalyst: ^[25]

The article says AMD has notified partners that it intends to increase prices across its GPU lineup, including cards aimed at AI and gaming.
The driver is said to be spiking memory costs, as DRAM and NAND suppliers struggle to keep up with AI‑driven demand, pushing their own prices sharply higher.
While higher GPU prices could support margins if demand holds, investors are understandably concerned that:
- It could cool unit demand, especially in price‑sensitive gaming and smaller AI deployments.
- It may give Nvidia and other rivals an opportunity to gain share if they respond more aggressively on pricing or perceived value.

MarketBeat’s “Why Is Advanced Micro Devices Down Today?” summary basically frames the day as a tug‑of‑war between very bullish long‑term news (OpenAI deal, analyst upgrades, Q3 strength) and short‑term worries over GPU pricing and competitive pressure. ^[26]

3. Nvidia’s upcoming earnings are casting a long shadow

At the index level, tech and AI‑linked names are wobbling as the market waits for Nvidia’s earnings later this week:

Reuters reports that U.S. indices are mostly flat‑to‑slightly negative today, with the information‑technology sector and energy both down and the Philadelphia Semiconductor Index slightly lower. ^[27]
Nvidia’s report is widely described as an “AI validation moment” that will test whether AI infrastructure spending and margins can keep justifying sky‑high valuations for the whole group, AMD included. ^[28]

Benzinga’s “Nvidia vs. AMD: The Gap Isn’t Closing — It’s Getting Wider” piece adds another psychological drag for AMD bulls: it emphasizes Nvidia’s lead in both market share and ecosystem lock‑in, suggesting that even strong AMD execution might not immediately close the gap. ^[29]

How analysts are framing AMD stock right now

Looking across today’s articles and recent research, a few themes stand out:

Consensus remains broadly bullish.
- A Fintel/Nasdaq update yesterday raised the average 12‑month AMD price target to about $274.56, up roughly 11.9% from a prior estimate, with individual targets spanning from about $135 to $367.50 per share. ^[30]
- Investing.com highlights a cluster of large banks — BofA, Barclays, Evercore ISI, Mizuho, Morgan Stanley, among others — mostly rating AMD Buy/Overweight/Outperform with price targets generally in the $260–$300 range. ^[31]
- Multiple Seeking Alpha authors tag AMD as a Buy or Strong Buy, typically citing the OpenAI deal, the MI450/Helios roadmap, and strong Q3 numbers as the pillars of their thesis. ^[32]
Valuation is the biggest pushback.
- The more cautious commentary notes that AMD trades at a very rich earnings multiple compared with both the broader tech sector and even Nvidia, meaning that the market is already baking in much of the aggressive growth scenario. ^[33]
Software and ecosystem are the swing factors.
- Both the SWOT report and the 24/7 Wall St analysis make the same core point: hardware alone won’t win AI. For AMD to truly challenge Nvidia, it must rapidly close the usability and ecosystem gap in ROCm versus CUDA, and prove that its open, partner‑driven approach can match or beat Nvidia’s integrated stack. ^[34]

What today’s move could mean for AMD stock (not financial advice)

On November 17, 2025, AMD sits at a classic crossroads:

The bull case centers on:
- A record Q3 with broad‑based strength across data center, client, and gaming. ^[35]
- A multi‑year AI roadmap (MI350 → MI450 “Helios” → MI500) that targets a trillion‑dollar TAM with >35% company‑wide growth and >60% data‑center growth. ^[36]
- The OpenAI 6GW commitment, which, if it plays out as analysts expect, could provide tens of billions in revenue visibility and help fund heavy R&D for years. ^[37]
- A supportive analyst backdrop, with the average price target still above today’s quote and firms like TD Cowen reiterating a $290 target. ^[38]
The bear (or at least cautious) case emphasizes:
- Valuation risk: even after today’s dip, AMD is still priced for perfection, so any stumble on MI450 timing, ROCm adoption, or OpenAI ramp could trigger a sharp correction. ^[39]
- Execution and ecosystem risk: Nvidia’s head start in AI software, networking, and developer tools continues to be a significant moat. ^[40]
- Near‑term demand risk around GPU price hikes and broader AI spending if customers balk at higher prices or if there’s a sentiment shift after Nvidia’s earnings. ^[41]

For current and prospective investors, today’s news flow doesn’t offer a simple “good” or “bad” verdict; instead, it sharpens the key questions:

Do you believe AMD can execute on its MI450/Helios and MI500 roadmap on time and at scale?
Are you comfortable with a premium valuation that assumes >35% revenue CAGR and >60% data‑center growth over several years?
How likely is it that ROCm and AMD’s open AI platform can close the software and ecosystem gap with Nvidia quickly enough to justify those numbers?
And how much volatility are you willing to tolerate if GPU pricing moves, macro uncertainty, or Nvidia’s upcoming report shake the entire AI complex?

This article is for informational and news purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any security. If you’re considering trading AMD or any other stock, it’s usually wise to do your own research and, where appropriate, consult a qualified financial adviser.

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