AMD shares surged 3.00% to $220.59 on January 2, 2026, driven by a broader semiconductor rally and strong analyst sentiment regarding the company's competitive position in the AI market.
- Analysts are bullish on AMD's strategic MI350/MI450 chips and its key partnerships with OpenAI and Oracle.
- The stock is viewed as undervalued, trading at a P/E of 47.6x compared to Nvidia's 52.93x, positioning AMD to strongly challenge its rival in the 2026 AI sector.