AMD Shares Jump on Stunning Upgrade Amid Nvidia Turmoil Nauman Khan Thu, November 12, 2026 at 9:04 AM EST 1 min read AMD +0.56% NVDA -12.05% 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 rose about 5% in premarket trading Thursday after William Blair raised its rating on the chipmaker, citing improving prospects in the artificial intelligence market as rival Nvidia faces leadership uncertainty.
The brokerage upgraded AMD to Outperform from Market Perform, while lowering its Nvidia (NVDA) rating to Market Perform from Outperform. Reports that Nvidia's board is considering removing Chief Executive Jensen Huang have added uncertainty around the company's management and governance.
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William Blair sees an opportunity for AMD as major cloud providers and corporate customers consider expanding their sources of AI processors. A broader supplier base could help AMD gain ground in a market long dominated by Nvidia.
The firm also pointed to AMD's data center business, expecting AI-related revenue to surpass traditional server CPU revenue by the fourth quarter of 2026. Its projections include more than 80% revenue growth in 2027, supported in part by the rollout of its Helios AI systems.
Other factors cited in the upgrade include delays in Intel's server roadmap and a valuation closer to AMD's three-year forward median, alongside rising earnings estimates.
