Michael Burry refuses to chase AMD's 13% stock surge Faizan Farooque Tue, November 10, 2026 at 6:25 AM EST 1 min read AMD -0.65% NVDA +0.71% GOOGM 0.00% 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.
Shares of Advanced Micro Devices Inc. (AMD, Financials) jumped 13% to $508.58 , the biggest one-day gain in six months, as investors weighed in on potential for the business despite uncertainties surrounding rival Nvidia.Oppenheimer upgraded AMD to Outperform from Perform with a $600 price target, representing about 18% upside from Monday's close.Bank of America also said that regulatory monitoring of Nvidia might generate possibilities for other chipmakers, however wider limitations including China could create volatility across the sector.AMD has a positive growth forecast supported by demand for its data center CPUs and AI technology.Its EPYC server CPUs enable host systems used with Google's TPU 8tx chips, boosting AMD's reach in large scale computing installations.The business forecasts revenue to expand by more than 80% in 2027, with server revenue expected to double, and data center AI sales increasing even faster. Investor Michael Burry (Trades, Portfolio), meanwhile, was wary of the rise.I'm not going to trade AMD on Nvidia headlines, Burry added. He also has held negative bets in semiconductor and technology indices on worries about valuations and infrastructure expenditure.The conflicting perspectives show the disconnect between AMD's potential upside and the threats to AI stock prices.The next catalyst is AMD's impending earnings and proof that its data center division can deliver on high growth estimates.
