AMD Stocks Jump 9.50% After Oppenheimer Upgrade Sets $600 Target Khac Phu Nguyen Mon, November 9, 2026 at 12:45 PM EST 1 min read AMD +12.09% NVDA -5.10% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Advanced Micro Devices (NASDAQ:AMD) shares surged 9.50% to $491.68 as of 10:44 a.m. ET on Monday, November 9, in regular trading, after Oppenheimer upgraded the chipmaker to Outperform from Market Perform with a $600 price target. The firm turned bullish after last week's results and raised its revenue and earnings estimates. AMD led the mega-cap chip rebound while Nvidia sank.
Warning! GuruFocus has detected 5 Warning Signs with AMD.
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The numbers back the call. AMD reported third-quarter revenue of $13.4 billion, up 45% year over year. Data center revenue jumped 97% to $8.5 billion, about 64% of the total. Non-GAAP gross margin hit 56% and non-GAAP EPS reached $2.09. Fourth-quarter guidance calls for about $17 billion in revenue, plus or minus 3%, at roughly 55% non-GAAP gross margin.
GuruFocus rates AMD 88/100 on its GF Score, led by a 10/10 Growth rank, 9/10 Momentum and 8/10 Financial Strength. Profitability trails at 7/10, which fits a fourth-quarter guide that steps non-GAAP gross margin down a point to about 55%. Valuation is the weakest link: GF Value Rank is 3/10, and Monday's price sits roughly 56% above the GF Value of $314.34, so a strong score alone does not make this a bargain. Guidance implies about 27% sequential growth at the midpoint, and Oppenheimer's $600 target still leaves about 22% of room. The next measurable hurdle is delivering roughly $17 billion in the December quarter while keeping data center above 60% of revenue.
