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AMD stock set for new highs as analyst predicts 13% gain on AI-driven acquisition

Analyst Insights
29 Sep 2026
Finbold
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Bullish
AMD stock set for new highs as analyst predicts 13% gain on AI-driven acquisition

AMD stock has surged over 167% year-to-date, and analyst Kevin Cassidy from Rosenblatt expects it to climb further, targeting $700 within 12 months, a 13.14% increase from current levels. This optimism is driven by AMD's $8.2 billion all-stock acquisition of World Labs, a startup focused on bridging 2D AI and 3D spatial understanding, enhancing AMD's competitive edge in the evolving AI and semiconductor markets. Wall Street consensus also supports a strong buy rating, with an average price target of $648.07 and some forecasts as high as $1,250. The AI boom and AMD's strategic moves suggest continued upward momentum for the stock.

AMD stock's year-to-date surge of over 167% sets a high bar as context for readers. For those following the Technology sector, here is Pluang's market snapshot as of Sep 29, 2026 22:11 WIB: out of 150 priced US tech stocks, 71 rose and 77 fell. Notable movers include AEHR at USD 101.66 with a 1-day change of +3.22% and a typical hold time of 14 days, ASML at USD 1,827.69 up 3.18% with a 92-day hold time, and AMAT at USD 502.00 up 3.13% with a 66-day hold time. Pluang order activity shows a sell bias for AEHR and AMAT, while ASML leans slightly more to selling as well.

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