AMD Stock Could Hit $750 by November, Strategist Says

AMD stock prediction calls got a lot bolder this week, as OptionsPlay chief strategist Tony Zhang now expects AMD to hit $750 by November, about 19% above the AMD stock price of $629.26 at Thursday’s close. His AMD stock $750 target leans on a reported 10% price hike on AI chips, graphics cards, and also motherboard chipsets. Will AMD go up that far in just two months? At the time of writing, his AMD stock November prediction mostly comes down to whether that pricing power holds.

AMD Stock Prediction: $750 Target, November Outlook And Risks

The AMD stock price closed at a record $615.52 on Monday, September 21, after an almost 10% jump pushed the chipmaker’s market value past $1 trillion. The shares kept climbing and closed at $629.26 on Thursday, September 24, up 2.38% for the day.

The rally picked up after supply-chain reports said AMD told partners to expect prices roughly 10% higher on products such as AI accelerators, Radeon graphics cards, and motherboard chipsets, starting in Q4. AMD hasn’t confirmed it, but right now that report sits at the center of Zhang’s AMD stock prediction.

How Zhang’s $750 Trade Works

Zhang is backing his AMD stock November prediction with a 600/750 call spread that expires in November. He buys the 600 call and sells the 750 call. That makes the trade cheaper than a plain call, but gains stop at $750, so his AMD stock $750 target is also his ceiling.

It’s a very specific prediction, a grind higher into a two-month window. And if the shares just drift sideways, he can lose the whole premium.

What AMD’s Earnings Show

The numbers behind this AMD stock prediction are pretty strong. AMD’s non-GAAP gross margin climbed to 56% in Q2, up from 43% a year earlier, and Data Center revenue jumped 107% to $6.7 billion.

AMD chair and CEO Lisa Su said:

“We delivered an excellent quarter, with record revenue and profitability as Data Center revenue more than doubled year-over-year. We enter the second half with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp. More broadly, AI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead.”

AMD also guided Q3 revenue to about $13 billion, and that number feeds right into any AMD stock prediction for the fall.

Will AMD Go Up To $750?

Will AMD go up from here? The bulls behind this AMD stock prediction think so. AMD has lined up gigawatt-scale commitments from OpenAI (6 GW), Meta (6 GW), and Anthropic (2 GW). 24/7 Wall St. noted that if Q3 revenue clears $13 billion and margins hold near 56%, the AMD stock $750 target could end up looking more like a floor.

Not every prediction is this upbeat, though. The average analyst target of $616.51 now sits below the latest AMD stock price, so Wall Street, on average, sees no upside from here. With a beta of 2.48, big swings come with the territory, and any pause in hyperscaler spending could hit the shares hard.

So, will AMD go up by November? The AMD stock November prediction hinges on hyperscaler orders heading into Q4 and early 2027. If those orders keep coming, Zhang’s AMD stock prediction may even prove conservative. If they slow down, his spread would simply expire worthless.