RESEARCH REPORT
Advanced Micro Devices, Inc.
AMD
$504.80
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Advanced Micro Devices, Inc. trades near $504.80 on a trailing multiple of about 128.8x versus its own 5-year median near 54.6x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~128.8 | ~54.6 | +136% |
| P/E (forward) | ~31.7 | — | — |
| EPS (TTM) | 3.92 | — | — |
| Gross margin | 55.7% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $214.16 — Applies the 5-year median multiple (54.6x) to trailing EPS.
- Street mean target: $640.21 — Average published analyst target.
- Street target midpoint: $807.50 — Midpoint of $365.00–$1,250.00 published range.
Street targets run from $365.00 to $1,250.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Intel Has a Massive Warning for AMD Stock market participants. Is It Time to Book Profits Before Nov. 3?
- What to Expect From AMD’s Q3 Earnings
- AMD Just Dropped 11% in a Day as Intel’s PC Warning Rattles Chips. Is It Time to transact in, or Load Up?
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Intel Is Down 45% in October, Its Worst Month Ever
- Apple Leads Packed Earnings Calendar As market participants Eye Tech, Pharma Results
- AMD Stock Fell 11% in a Day Ahead of Its November 3 Report. Here’s Why Intel’s 78% Data Center Jump Matters More to AMD Than Its PC Warning
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~128.8x rather than its 5-year ~54.6x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 2026-11-03
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 6, 2026|Stock Market Today, Nov. 6: AMD Surges 11% on Record Quarterly Revenue and Stronger Growth Outlook(Yahoo)
On Nov. 6, 2026, AMD shares rallied as investors cheered its latest results and a forecast for faster growth through 2027.
Nov 6, 2026|Why Did International Business Machines (IBM) Move Today?(Yahoo)
International Business Machines (IBM) has put quantum error correction in the spotlight by launching a co-design platform with Oak Ridge National Laboratory and AMD that tightly links its quantum processors with high performance classical computing. IBM’s recent quantum and AI announcements have landed against a mixed share price backdrop, with the stock at US$247.11 after a 1-month share price return of 11.67%, but a year-to-date share price decline of 15.23% and a 1-year total shareholder...
Nov 6, 2026|Advanced Micro Devices (AMD) Joined A Quantum Error Correction Platform Launch(Yahoo)
Advanced Micro Devices (NasdaqGS:AMD) joined IBM and Oak Ridge National Laboratory to launch a new quantum error correction co-design platform. The effort links IBM quantum hardware with AMD high performance classical processors inside Oak Ridge National Laboratory’s research environment. The collaboration aligns with the U.S. Department of Energy’s Quantum Genesis Mission and focuses on hybrid quantum classical computing research. The new AMD role in quantum error correction research is...
Nov 6, 2026|5 Latest Jim Cramer Stock Picks on Twitter and Mad Money(Yahoo)
Markets are trembling amid the latest AI stock sell-off, which has sent shares of major AI players deep into the red. But CNBC’s Jim Cramer believes the downturn is not another dot-com crash. Cramer warned that AI stocks could fall further, particularly semiconductor companies whose shares surged during the AI boom. However, he argued that […]
Nov 6, 2026|Why Micron’s Stock Valuation Now Looks Ridiculous(Yahoo)
Micron stock has an incredibly low price-to-earnings multiple. Here's how to assess whether it's a bargain.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 7,262 | $616,180.7 |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 816 | $436,682.4 |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 823 | $441,218.53 |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 476 | $255,797.64 |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 1,208 | $650,193.92 |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 917 | $494,583.95 |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 1,969 | $1.1M |
| Oct 15, 2026 | Norrod Forrest Eugene (EVP & GM DSG) | Sell | 4,699 | $2.5M |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| State Street | 74,361,687 | $43.2B | — |
| Vanguard Group | 142,338,013 | $30.5B | — |
| BlackRock | 60,400 | $9.8B | — |
| BlackRock Institutional Trust | 2,799,269 | $31.7M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.