Why AMD Stock Rose Today
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By Joe Tenebruso – Feb 2, 2026 at 9:53PM ESTKey PointsAdvanced Micro Devices doesn’t have to beat Nvidia for its shareholders to win.AMD's stock could surge to $290 per share.NASDAQ: AMDAdvanced Micro DevicesMarket Cap$385BToday's Changeangle-down(3.95%) $9.36Current Price$246.09Price as of February 2, 2026 at 3:58 PM ETThe tech stock is a buy ahead of its upcoming earnings report, according to one Wall Street analyst.Shares of Advanced Micro Devices (AMD +3.95%) climbed on Monday, following bullish analyst remarks. By the close of trading, AMD's stock price was up about 4%. Image source: Getty Images. Second place could still be highly profitable AMD doesn't have to be Nvidia. That's the view of Wedbush analyst Matt Bryson. Bryson argues that there's no need for AMD to match its far larger rival's massive market share in advanced artificial intelligence (AI) chips. AMD's shareholders will do just fine if the chipmaking challenger can deliver robust sales of central processing units (CPUs) used in personal computers (PCs) and data center servers when it reports its fourth-quarter financial results on Feb. 3. ExpandNASDAQ: AMDAdvanced Micro DevicesToday's Change(3.95%) $9.36Current Price$246.09Key Data PointsMarket Cap$385BDay's Range$235.00 - $249.9752wk Range$76.48 - $267.08Volume1.5MAvg Vol39MGross Margin44.33% Bryson believes tight supplies of server CPUs will boost AMD's profit margins by enabling it to command higher prices. He noted that the chip designer's server CPUs are already some of its most lucrative products. Bryson also pointed to sales to Chinese customers as another potential growth driver. The Trump administration authorized certain chip sales to China in January. All told, Bryson sees AMD's stock price rising roughly 18% to $290 per share. AMD's upcoming earnings release Investors can expect to hear more about AMD's CPU sales and AI-focused growth initiatives during the company's conference call, which is scheduled to begin at 5:00 p.m. EST on Tuesday. Read NextFeb 2, 2026 •By Neil RozenbaumTime to Cash Out? 4 Stocks to Sell Before EarningsFeb 2, 2026 •By Catie HoganShould You Buy AMD Before Feb. 3?Feb 1, 2026 •By Keithen DruryCould This Artificial Intelligence (AI) Stock Double in 2026?Feb 1, 2026 •By Adam SpataccoA Once-in-a-Decade Investment Opportunity: 1 Artificial Intelligence (AI) Semiconductor Stock That Could Go Parabolic in 2026 (Hint: It's Not Nvidia)Feb 1, 2026 •By John BallardWhy I'm Excited About Advanced Micro Devices StockJan 31, 2026 •By John Ballard1 Reason to Buy Advanced Micro Devices Stock Right NowAbout the AuthorJoe Tenebruso is a contributing Motley Fool stock market analyst. Previously, Joe was an investment analyst for Stock Advisor, Income Investor, and Crypto Society, as well as several other market-beating investing services. He graduated summa cum laude from Rutgers University with a Bachelor of Science in Finance.tmfguardianX@Tier1InvestorStocks MentionedAdvanced Micro DevicesNASDAQ: AMD$246.09 (+0.04%) $+9.36NvidiaNASDAQ: NVDA$185.61 (0.03%) $5.52*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.