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10/25 13:56

Shares of Advanced Micro Devices (AMD) fell on Fri

Shares of Advanced Micro Devices (AMD) fell on Friday due to Trump's threat to impose new tariffs on China. Trump's new tariffs on China caused shares of several Chinese companies to fall. US President Donald Trump posted on social media on Friday that China has become "very hostile" and has sent letters to other countries seeking export controls on "every factor of production related to Rare Earths, and almost every other product they can think of, even if it is not made in China." Trump posted on Truth Social on Friday, "As President of the United States, I will be forced to retaliate economically against their actions, depending on how China describes the hostile 'order' they just issued." AMD's strong week has yielded little success. AMD's stock price fell after a strong week last week. This week, AMD announced a multi-billion dollar deal with OpenAI. According to an announcement on Monday, the chipmaker will supply the AI giant with up to 6 gigawatts of GPUs over several generations, starting with the MI450 chip in the second half of 2026. In return, OpenAI will hold up to 160 million shares of AMD stock, representing approximately 10% of the company's shares.  The news attracted significant investor interest, sending the stock price soaring. Also read: Morgan Stanley Removes Restrictions on Bitcoin and Cryptocurrency Investments. Furthermore, recent supply chain checks indicate that growth in AMD's AI accelerator business is slowing. AMD remains a major player in the data center market, but competition among Wall Street experts appears to be waning. Currently trading at $219, the stock has gained 38% over the past 30 days, potentially offsetting these growth concerns. Despite this, analysts remain optimistic about AMD's AI growth and maintain an average price target of $250. AZ has a $250 price target, and Rosenblatt shares the same optimism. Meanwhile, Goldman Sachs holds a more cautious "neutral" stance with a $140 price target. Therefore, while $250 is optimistic, AMD is more likely to maintain its current price around $220. Despite AMD's outperformance of the industry this year and its strong sales growth outlook, it is still considered the most undervalued semiconductor stock.  Growing demand from the artificial intelligence and data center markets is seen as a key opportunity for AMD to rebound, especially after the launch of products such as the MI355 GPU.

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