Advanced Micro Devices (AMD) shares were trading at $137.91 on 5th July, with trailing and forward P/E ratios of 100.66 and 27.04 respectively. AMD’s stock has been in a deep drawdown, losing over half its value from April 2024 to April 2025. However, recent Q2′ 2025 earnings showed a 59% drop in gaming hardware revenue but a 57% rise in data center sales. The company launched the Instinct MI350 series with 60% more memory than Nvidia chips, leading to a 57% increase in stock price from its bottom in April. AMD’s AI chips are gaining traction, new product launches could increase market share, and a $6 billion buyback program and AI-focused acquisitions demonstrate growth commitment. Business Model Mastery and Rebound Capital both share a bullish thesis on AMD, emphasizing the company’s strengths and potential upside. Despite not being among the 30 Most Popular Stocks Among Hedge Funds, 97 hedge fund portfolios held AMD at the end of the first quarter. Rebound Capital sees significant upside potential in AMD due to its product launches and buyback program.

Read more at Yahoo Finance: Advanced Micro Devices (AMD): A Bull Case Theory