Bank of America Delivers AMD Stock Price Prediction: Check New Target

Advanced Micro Devices stock (NASDAQ: AMD) is among the top-performing assets in the broader US markets. The equity has doubled investors’ money in 2026 after rising 110% year-to-date. It entered January trading at $223 and reached $469 on Tuesday. An investment of $1,000 made early this year has turned into $2,100 in less than eight months. The price rise came on the heels of the AI boom, as GPUs remain in heavy demand across the globe.

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AMD Stock Price Target: See Bank of America’s Latest Target

Vivek Arya, the Managing Director and Senior Analyst at Bank of America Securities, has given a bullish price target for AMD stock. The leading GPU maker is outpacing competitors in GPU production and fulfilling contracts to support data centers. AMD is also gaining an edge over its rival Nvidia, as the long-term prospects are stacked in its favor through the agentic AI interface. This makes the GPU and CPU manufacturer gain an edge over the brewing competition.

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