AMD stock gets a USD 960 BNP Paribas target after AI upgrade

Published on 10/07/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMD stock enters its next test with fiscal third-quarter results due November 3, 2026. Q2 revenue reached USD 11.54 billion, up 50.1 percent year over year.

Architektonisches Foto eines modernen Rechenzentrums mit symmetrischem Server-Korridor, blauen LED-Lichtern in Serverracks und spiegelndem Boden – kein Markenname — AMD Rechenzentrum ISIN US0079031078 symmetrischer Server Korridor mit blauen LED Lichtern architektonisch, Illustration mit AI erstellt.

AMD stock was trading at USD 643.68 on Nasdaq on October 7, 2026 at 11:15 a.m. ET, while BNP Paribas lifted its price target to USD 960 from USD 600 on October 6. The call puts the valuation debate ahead of AMD's November earnings test, not behind it.

BNP raises the AI bet

According to Yahoo Finance on October 6, 2026, BNP Paribas analyst Karl Ackerman raised the AMD target from USD 600 to USD 960 and kept an Outperform rating. The 60 percent target increase rests on AMD becoming a full-stack AI systems provider rather than only a chip supplier.

The same Yahoo Finance report puts the published analyst mix at 39 Buy ratings, five Strong Buy ratings and 11 Hold ratings, with no Sell rating. Its consensus price target is USD 619.51, below AMD's USD 643.68 quote during October 7 trading.

Q2 growth supports the case

AMD's second-quarter 2026 revenue reached USD 11.54 billion, up 50.1 percent from the year-ago quarter, according to MetaTrader. Net income was USD 2.30 billion, compared with USD 872 million in Q2 2025, while diluted GAAP EPS rose to USD 1.38 from USD 0.54.

Data Center revenue was the key operating comparison: it climbed 107 percent year over year to USD 6.72 billion in Q2 2026. That concentration makes the November report important because the market will look for evidence that AI demand is converting into repeatable sales and profit.

November supplies the next test

AMD announced on October 6, 2026, through its Investor Relations release, that fiscal Q3 2026 results will be published on November 3 after the market close, followed by a conference call at 5:00 p.m. ET. The company also listed technology conferences on December 1 and December 9.

At USD 643.68, AMD was down 0.88 percent from the previous close during the October 7 session. The quote remained within the USD 188.22 to USD 658.52 52-week range, leaving execution against the AI growth narrative as the central investor question.

AMD stock stays near its yearly high

AMD was trading at USD 643.68 on Nasdaq on October 7, 2026 at 11:15 a.m. ET. Its market capitalization was USD 1,049.6 billion and volume stood at 9,338,066 shares.