AMD rises after HSBC upgrades to 'buy'

Advanced Micro Devices's AMD.O shares up 3.6% at $143.40 premarket

HSBC raises stock's rating to "buy" from "hold"; hikes PT to $200 from $100

Brokerage says "turning bullish as we think AI GPU pipeline will surprise with higher-than-expected MI350 pricing premium"

HSBC expects significant upside to FY26 AI revenue; says it will lead to higher re-rating to AMD

New PT is a 44.5% upside to the stock's last close

37 of 52 brokerages rate stock "buy" or higher, 15 "hold"; their median PT is $135 - data compiled by LSEG

Stock is up 14.5% YTD vs a 19.87% rise in S&P 500 Semiconductors .SPLRCELCS index