AMD Shares Rally Amid Strong AI Demand and Growth Forecasts (12 Nov)
- AMD stock jumped on November 11 due to strong AI demand and growth prospects.
- CoreWeave's earnings results helped reignite the AI trade for semiconductor companies.
- AMD forecasts Q4 revenue of $17 billion, a 66% year-over-year increase.
- Indian benchmark indices Sensex and Nifty 50 closed higher on November 11.
- Analysts maintain a positive outlook on AMD, with 49 rating the stock as a buy.
Advanced Micro Devices stock jumped on November 11, 2026, driven by factors beyond the earnings results reported by CoreWeave. The Nasdaq index also rose at the market open following the release of the CoreWeave earnings.
Chip and memory stocks rallied on November 11, 2026, as the CoreWeave results helped ease market concerns regarding demand for artificial intelligence.
Wall Street expects AMD stock to jump over the coming year and potentially exceed analyst expectations. This outlook occurs as the average earnings growth forecast for the S&P 500 index next year is 17%.
Semiconductor sector rebounds on AI demand
Nvidia stock rebounded on November 11, 2026, as CoreWeave earnings helped reignite the artificial intelligence trade. Intel stock also climbed on the same day as part of a broader semiconductor rally supported by demand for artificial intelligence infrastructure.
The latest version, Android 17, was released on June 16, 2026.
AMD growth projections and financial outlook
AMD delivered terrific growth in the third quarter of 2026 and is poised to accelerate in the fourth quarter and next year. Early demand for the next-generation EPYC server processors, code-named Venice, is the strongest ever, with partners planning to launch 20 percent more Venice server platforms than the prior-generation Turin processors.
AMD forecasts fourth-quarter revenue of $17 billion, which represents a 66 percent year-over-year increase. This suggests full-year 2026 revenue of at least $52.7 billion, a 52 percent jump over 2025.
In 2025, AMD revenue jumped 34 percent year-over-year. The consensus 2026 earnings-per-share estimate for AMD is $8.08, a 94 percent rise over the prior year. AMD anticipates an 80 percent increase in revenue in 2028.
Valuation and analyst sentiment
A total of 49 analysts rate AMD shares as a buy. The company currently trades at 30 times forward earnings, compared with a forward price-to-earnings ratio of 23 for the S&P 500 index.
Assuming AMD trades at 40 times earnings and its earnings per share reaches $17.64, the stock could rise to $706, a 39 percent increase.
Recent market volatility for AMD
AMD's share price fell 18 percent during the last month. The company's share price fell by 18 percent during the last month.
On November 5, the Nasdaq Composite dropped 5.5 percent, and AMD shares decreased by more than 11 percent that day.
Indian markets close higher on November 11
Indian benchmark indices closed higher on Wednesday, November 11, 2026. The BSE Sensex rose 0.95 percent, or 772.75 points, to finish at 81,879.40.
The Nifty 50 index gained 0.84 percent, or 210.40 points, closing at 25,255.05. The Nifty Bank index ended the session more than 1.7 percent higher.
Buying activity in Auto and PSU Bank stocks led the gains in the Indian benchmark indices on November 11, 2026.
Motley Fool and market data disclosures
The Motley Fool Stock Advisor analyst team did not include AMD in its list of the 10 best stocks to buy as of November 11, 2026. The service reports an overall average return of 834 percent, compared to 207 percent for the S&P 500.
Harsh Chauhan does not hold any position in the mentioned stocks. The Motley Fool maintains a disclosure policy.
Fisher Investments has assisted tens of thousands of investors in achieving comfortable retirements since 1979. The firm manages over $441 billion. Market data for this report is powered by Xignite and Polygon.io.
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