Does Advanced Micro Devices Inc. (AMD) have an economic moat?

MoatScan AI rates Advanced Micro Devices Inc. (AMD) 54/100 for moat strength, assessed across five sources of competitive advantage: network effects, switching costs, intangible assets, cost advantages and efficient scale. AMD has built a real but limited moat around x86 compatibility, chip design execution, and increasingly credible data-center products.

What is Advanced Micro Devices Inc.'s moat score?

Advanced Micro Devices Inc. (AMD) has a moat score of 54/100. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. A higher score means the competitive advantages MoatScan AI identifies are wider and more durable.

How does AMD's share price compare with its estimated fair value?

MoatScan AI estimates AMD's intrinsic value with a discounted cash flow (DCF) model and shows how that estimate compares with the market price at the time of analysis. The estimate updates with each new financial analysis and is a research estimate, not a recommendation.

What is Advanced Micro Devices Inc.'s fair value estimate?

MoatScan AI derives Advanced Micro Devices Inc.'s (AMD) fair value per share from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. The Financial Analysis tab shows the estimate alongside every assumption behind it.

Back to Database

AMD$454.62

Advanced Micro Devices Inc.

Last Updated

Sep 6, 2026about 1 month ago

Moat & Trend

Management

AI Impact

Competitive Radar

Moat Score

54/100

Executive Summary

AMD has built a real but limited moat around x86 compatibility, chip design execution, and increasingly credible data-center products. Its strongest assets are the Zen CPU roadmap, EPYC server momentum, and long-lived relationships with OEMs, hyperscalers, and console makers. The company also benefits from high migration friction in enterprise servers and from the complexity of validating custom silicon across multi-year design cycles. However, AMD does not control a dominant developer standard, a scarce regulatory asset, or a natural monopoly. Its GPU position in AI remains well behind Nvidia, and its cost position depends heavily on shared foundry access. Overall, AMD looks like a durable second-source leader with improving momentum, not an entrenched fortress. The moat trend is positive thanks to share gains in servers and broader AI platform traction.

Network Effects

Ecosystem Pull, Limited

Pillar Strength

3.5/10

AMD benefits from an installed x86 ecosystem, broad OEM familiarity, and a growing developer base around ROCm and Ryzen/EPYC platforms, but these are not classic network effects. Most customers can multi-home across AMD and Intel in CPUs, while AI developers still primarily center on Nvidia’s CUDA stack rather than AMD’s software layer. Console design wins do create some shared tooling across PlayStation and Xbox, yet that traffic does not compound into a broad, sticky marketplace. The value of AMD hardware rises with adoption only modestly and unevenly, so the reinforcement is real but weak. It supports share gains, but not a durable network-driven moat.

Switching Costs

Server Migration Friction

Pillar Strength

6.5/10

Switching costs are meaningful in AMD’s server and embedded businesses. Moving an enterprise workload from Intel to EPYC, or from a custom silicon incumbent to an AMD design, requires platform validation, firmware work, performance tuning, and in some cases software certification. Those frictions matter more once a customer has standardized on a socket, motherboard, or long-life server fleet. Semi-custom console programs also lock in multiyear road maps and engineering coordination. Still, the barriers are not absolute: cloud providers and OEMs routinely dual-source, and buyers can migrate at the next refresh cycle if performance or pricing changes. That makes the friction substantial, but not prohibitive.

Intangible Assets

Strong Brands, Core IP

Pillar Strength

7.5/10

AMD’s intangible assets are materially better than in its weaker years. The company holds an enduring x86-64 license and has built proprietary CPU and GPU architectures that now carry credible brand equity in Ryzen, EPYC, Radeon, and Instinct. Its engineering depth in chiplets, packaging, and heterogeneous computing is difficult to replicate quickly, and the Xilinx legacy adds FPGA and adaptive-computing expertise. Even so, these assets stop short of creating a truly dominant franchise. AMD does not own a software moat like Nvidia’s CUDA, and its brands, while respected, do not command Intel-like mindshare across all buyer segments. The advantage is strong, but not unassailable.

Cost Advantages

Chiplets Help Economics

Pillar Strength

5.5/10

AMD has some cost advantages from being fabless and from using advanced chiplet-based designs that improve yield and let it mix leading-edge and mature nodes efficiently. Outsourcing manufacturing avoids the capital burden of fabs and can allow faster node transitions when foundry capacity is available. That said, these are relative advantages, not structural cost leadership. AMD and Nvidia both buy from the same leading foundries, so access is not exclusive. Intel is also closing manufacturing and packaging gaps, while chiplets are increasingly an industry-wide technique rather than an AMD-only edge. The company can compete effectively on cost-per-performance, but rivals can narrow that gap with enough investment.

Efficient Scale

Oligopoly, Not Monopoly

Pillar Strength

4/10

AMD operates in markets that are concentrated, but not efficiently scaled enough to create a strong moat on their own. The x86 CPU market is effectively a duopoly with Intel, and server wins are hard fought, yet Arm-based alternatives and custom silicon can still pressure incumbents over time. In GPUs, Nvidia dominates the high end, leaving AMD as a challenger rather than a protected incumbent. Console semi-custom work is concentrated, but those wins are episodic and tied to product cycles rather than a structural monopoly. Entry barriers exist, especially in capital and design complexity, but they do not prevent well-funded rivals from contesting the market. That limits the efficient-scale case.

Moat Type & Trend

Why this company earns its moat rating, and where the moat is heading

Moat Type

Narrow Moat

Trend

Positive

Why This Rating

AMD deserves a Narrow Moat rather than a Wide Moat because its strengths are meaningful but not self-reinforcing enough to look impregnable over decades. The Zen and EPYC franchises, x86 compatibility, and console wins give it real relevance in PCs, servers, and embedded systems, yet none creates a must-have platform that rivals cannot contest. Intel can still attack in CPUs, Nvidia owns the most powerful AI software ecosystem, and Arm-based alternatives remain viable in parts of data centers. AMD is durable as a serious contender, but not structurally insulated from price, technology, or ecosystem competition.

Why This Trend

The moat is improving because AMD is converting product execution into deeper enterprise adoption. Server CPU share has risen materially, showing that qualification and migration barriers are now working in AMD’s favor rather than Intel’s. The company is also widening its data-center footprint through AI systems work, including the ZT Systems acquisition and large announced supply commitments tied to next-generation accelerators. If those wins stop translating into repeat platform deployments, or if ROCm and software support lag Nvidia badly, the trend would revert to Stable. A clear share reversal or lost design wins would make it Negative.

Management Quality Assessment

Evaluating leadership track record, capital allocation, and governance

Verdict

Strong

Lisa Su has been CEO since 2014 and has engineered one of semiconductors’ best turnarounds, restoring profitability, expanding market share in CPUs, GPUs and data-center chips, and lifting AMD from a sub-$5 stock to a large-cap AI supplier. Capital allocation has been generally disciplined: ROIC is 8.7%, above its 3-year median of 4.1%, and management has favored selective, capability-building acquisitions (notably Xilinx) plus buybacks over dividends. AMD is professionally managed rather than founder-led, which has worked well under Su’s technical, execution-focused leadership. Insider ownership is modest at about 0.6%; direction is uncertain but ownership guidelines help. Su’s pay (~$55m) is high versus peers, though broadly supported by performance. No major governance red flags stand out.

Key Highlights

Lisa Su has led AMD since 2014 and oversaw a major operational turnaround, including profitability restoration and substantial share gains in core processor markets.
ROIC improved to 8.7%, above the three-year median of 4.1%, suggesting better capital efficiency under current management.
Capital allocation has been selective rather than empire-building: AMD used large M&A mainly for capability expansion, with Xilinx the most important strategic acquisition.
The company is not founder-led; Su is a hired executive with deep technical expertise, and the board structure appears solid with a large majority of independent directors.
Insider ownership is modest at about 0.6%, and CEO pay around $55 million is elevated versus peers, but it is broadly defensible given AMD’s strong performance.

AI Impact Assessment

Evaluating how AI strengthens or disrupts existing moat pillars

Net Pressure. AI is reinforcing AMD’s data-center relevance through Instinct GPUs, EPYC CPUs, and Xilinx-derived adaptive compute, while chiplet-based design and ROCm improve its ability to co-design systems with hyperscalers and enterprise partners. Those are real moat supports, but they are mainly defensive: AMD is using AI to broaden its role in infrastructure rather than creating an irreplicable AI platform. The strongest moat pillar affected is product differentiation, yet Nvidia’s CUDA ecosystem and scale still dominate developer mindshare and software lock-in. The key near-term uncertainty is whether AMD can convert partnership wins into sustained share gains before AI hardware standards and pricing become more commoditized.

AI Opportunity Highlights

6 / 10

AMD’s chiplet-based CPU/GPU architecture supports rapid co-design of AI systems across EPYC, Instinct, and Xilinx-derived products.
ROCm and other open software initiatives help AMD court customers seeking a non-CUDA accelerator stack.
Partnerships with OpenAI, Oracle, and enterprise infrastructure vendors can place AMD silicon deeper into cloud and datacenter AI deployments.
AMD’s broad heterogeneous-compute portfolio gives it a credible role in full-stack AI infrastructure rather than only discrete accelerators.

AI Threat Highlights

7 / 10

Nvidia’s CUDA software ecosystem still creates major switching costs and limits how quickly AMD can displace incumbent accelerator share.
Hyperscalers can increasingly bypass merchant silicon by designing in-house AI chips, shrinking the long-term addressable market for AMD accelerators.
AI accelerator economics may commoditize around price/performance, pressuring margins if AMD cannot sustain software and platform differentiation.
AMD remains dependent on external foundry capacity and export-policy constraints, which can limit supply and restrict certain AI markets.

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Last Updated

Jul 28, 20263 months ago

Target Price

Analyst Consensus

FAIR VALUE

Financial Strength

Financial Score

77/100

Executive Summary

AMD’s standout strength is its increasingly solid balance sheet, with ample liquidity, modest leverage, and net cash supporting a conservative financial posture. Operating performance has also rebounded sharply: revenue more than doubled from FY2021 to FY2025, TTM sales growth remains strong, and margins have recovered, with gross margin above 50% and operating margin back into positive territory. Cash generation improved materially in FY2025, lifting free cash flow, although working-capital swings and active capital deployment add volatility. Growth expectations remain robust, and consensus sentiment is favorable, but there are tensions beneath the surface: earnings have been uneven, R&D and SG&A are rising quickly, inventory efficiency is weakening, and goodwill-intangible exposure limits tangible strength. Overall, AMD screens as financially healthy and growth-oriented, with strong liquidity and improving profitability offset by some operational variability, consistent with its strong overall ratings.

Income Statement

Revenue · Margins · Profitability

Section Score

7.5/10

AMD shows a strong rebound in growth, with revenue rising from $16.4B in FY2021 to $34.6B in FY2025 and TTM revenue up another 35%, suggesting momentum is still accelerating. Net income recovered sharply after the FY2022–FY2023 slump, with TTM profit of $5.0B above FY2025, though earnings have been volatile. Gross margin stayed healthy around 45%–50% and improved to 50.3% TTM, while operating margin recovered to 11.7% after a deep trough, indicating better scaling but still some earnings conversion pressure. Non-operating income and tax benefits created noise in several years. Relative to semiconductors, these margins are solid, but R&D and SG&A are rising fast, a key watchpoint.

Financials are in millions USD unless otherwise specified

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	TTM
Period Ending	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 31, 2024	Dec 31, 2025	Mar 31, 2026
Revenue	16,434	23,601	22,680	25,785	34,639	37,454
Revenue Growth (YoY)	68.33%	43.61%	-3.90%	13.69%	34.34%	34.97%
Net Income	3,162	1,320	854	1,641	4,335	5,009
Net Income Growth	26.99%	-58.25%	-35.30%	92.16%	164.17%	124.92%
Profit Margin	19.20%	5.53%	3.77%	6.36%	12.32%	13.17%

Data as of Mar 31, 2026

Balance Sheet

Assets · Liabilities · Equity

Section Score

8.5/10

AMD’s balance sheet is strong overall, with liquidity improving materially. Total current assets rose to $26.9B in FY2025 from $19.0B in FY2024, while total current liabilities increased to $9.5B, leaving a healthy current asset cushion. Cash and short-term investments expanded sharply to $10.6B, or $12.3B TTM, and net cash reached $6.7B, indicating modest leverage. Total liabilities of $13.9B remain well covered by $76.9B of assets and $63.0B of equity. Equity has grown steadily from $7.5B in FY2021, supported by retained earnings of $6.7B and strong capital accumulation. The main watch item is the large goodwill and intangible asset base, which reduces tangible strength, but overall solvency and liquidity look solid.

Financials are in millions USD unless otherwise specified

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Current
Period Ending	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 31, 2024	Dec 31, 2025	Mar 31, 2026
Total Current Assets	8,583	15,019	16,768	19,049	26,947	28,628
Total Assets	12,419	67,580	67,885	69,226	76,926	79,642
Total Current Liabilities	4,240	6,369	6,689	7,281	9,455	10,506
Total Liabilities	4,922	12,830	11,993	11,658	13,927	15,180

Data as of Mar 31, 2026

Cash Flow Statement

Operations · Investing · Financing

Section Score

7.5/10

Cash generation improved meaningfully by FY2025, with operating cash flow rising to $7.7bn from $3.0bn in FY2024 and $1.7bn in FY2023, while TTM CFO reached $9.7bn. Free cash flow also strengthened to $6.7bn in FY2025, helped by higher operating earnings and still-manageable capex of $1.0bn, though capex is trending upward. The main weakness is working capital volatility, especially inventories and receivables, which repeatedly absorbed cash and kept CFO uneven across periods. Capital allocation is active: AMD is repurchasing shares consistently and also making acquisitions, including a large FY2025 outflow. Overall, cash generation is solid, but quality is somewhat affected by volatile working capital and aggressive investing activity.

Financials are in millions USD unless otherwise specified

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	TTM
Period Ending	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 31, 2024	Dec 31, 2025	Mar 31, 2026
Operating Cash Flow	3,521	3,565	1,667	3,041	7,709	9,725
Operating Cash Flow Growth	228.76%	1.25%	-53.24%	82.42%	153.50%	181.15%
Free Cash Flow	3,220	3,115	1,121	2,405	6,697	5,611
Free Cash Flow Growth	314.41%	-3.26%	-64.01%	114.54%	178.46%	-16.22%

Data as of Mar 31, 2026

Key Ratios

Liquidity · Leverage · Efficiency · Returns

Section Score

7/10

Liquidity is solid and has improved over time, with the current ratio rising from 2.02 to 2.72 and the quick ratio from 1.49 to 1.75, indicating comfortable short-term coverage. Leverage remains modest, with debt-to-equity near 0.04-0.05 throughout and net debt consistently negative, so the balance sheet is still conservative. Efficiency is mixed: asset turnover improved from the low point in FY2023 but remains below FY2021 levels, while inventory turnover has trended down steadily, suggesting weaker stock productivity. Profitability has recovered meaningfully from FY2022-FY2023 lows, with ROE, ROA, ROIC, and ROCE all improving, but returns are still far below FY2021 peak levels and remain uneven.

Ratios are dimensionless unless otherwise noted

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Current
Period Ending	Dec 25, 2021	Dec 31, 2022	Dec 30, 2023	Dec 31, 2024	Dec 31, 2025	Jul 28, 2026
Debt / Equity Ratio	0.05	0.05	0.04	0.04	0.05	0.05
Quick Ratio	1.49	1.57	1.51	1.56	1.78	1.75
Current Ratio	2.02	2.36	2.51	2.62	2.85	2.72
ROEReturn on Equity (ROE)	47.34%	4.20%	1.51%	2.83%	7.04%	7.70%
ROAReturn on Assets (ROA)	29.35%	3.49%	1.01%	2.24%	5.18%	5.56%
ROICReturn on Invested Capital (ROIC)	72.74%	4.95%	1.30%	2.85%	6.83%	7.75%
ROCEReturn on Capital Employed (ROCE)	49.55%	3.64%	0.66%	3.09%	5.71%	6.39%

Data as of Jul 28, 2026

Growth

Revenue · EPS · Valuation · Estimates

Section Score

8/10

AMD’s trajectory shows a sharp reset in 2022–2023, with revenue easing from 23.60B USD to 22.68B USD and EPS dropping from 0.84 to 0.53, followed by a clear recovery in 2024 and a strong step-up in 2025. The forward estimates point to acceleration rather than mere steady compounding, with revenue projected at 49.71B USD in FY 2026 and 79.38B USD in FY 2027, implying sustained growth momentum. EPS is expected to expand faster than revenue across the forecast years, from 7.45 to 13.72, suggesting improving margins and operating leverage. Analyst sentiment is clearly positive: Strong Buy consensus, 51 analysts, and stable-to-improving recommendation counts, with no Sell ratings and only modest Hold participation.

Third-party Analyst Price Targets

Low$320-29.61%

Median$600+31.98%

Average$575.49+26.59%

High$1,250+174.95%

Strong BuyConsensus rating and price targets published by third-party analysts. Not a MoatScan AI view.

51 analysts

Third-party Analyst Recommendation Trends

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	34	34	33	36	37	36
Buy	6	5	4	5	5	5
Hold	12	12	13	10	9	10
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	52	51	50	51	51	51

Forecast · Analyst Estimates

Revenue This Year49.71B

+43.52%from 34.64B

FY 2026

Revenue Next Year79.38B

+59.69%from 49.71B

FY 2027

EPS This Year· non-GAAP adj.7.45

+78.63%from 4.17

FY 2026

EPS Next Year· non-GAAP adj.13.72

+84.16%from 7.45

FY 2027

Historical · Reported Actuals

Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	16.43B	23.60B	22.68B	25.79B	34.64B
Revenue Growth	—	+43.61%	-3.90%	+13.69%	+34.34%
EPS (GAAP diluted)	2.57	0.84	0.53	1.01	2.67
EPS Growth	—	-67.32%	-36.90%	+90.57%	+164.36%

Revenue in USD · EPS per share · Price targets in USD

Data as of Dec 31, 2025 · Forecast EPS is analyst non-GAAP adjusted; historical EPS is GAAP diluted — not directly comparable.

Fair Value Estimation

DCF · Model estimate vs. price -69.6% · Price above model estimate

AI Fair Value Estimate (DCF)

$138.3vs$454.62

Model estimate vs. price-69.6%

Price above model estimate

A discounted cash flow framework fits AMD because the business is increasingly cash-generative and its economics can be modeled through a visible operating ramp, where revenue growth, margin expansion, and capital intensity are the key drivers. The projected cash-flow path suggests strong scale benefits, disciplined capital spending, and a gradual fade from early high growth toward a more mature terminal profile.

AI Valuation Commentary

A DCF is the right lens for AMD because value is being created through a long operating ramp rather than near-term earnings alone. The valuation assumes a 10.1% discount rate, 4% terminal growth, 13.81% revenue CAGR, and a 22.26% average EBITDA margin, with capex held to 2.29% of revenue. That combination produces a fair value of 138.3 USD per share, well below the current 454.62 USD price, implying a -69.58% margin of safety and an overvalued verdict. The result is highly sensitive to discount rate, terminal growth, and margin durability: stronger margin expansion or a lower WACC would help, while weaker growth or compressed margins would reinforce the downside case.

DCF Assumptions

WACC

10.1%

Weighted avg cost of capital

Revenue Growth (10Y)

13.8%

CAGR assumption

EBITDA Margin

22.3%

Steady-state projection

CapEx / Revenue

2.3%

Capital investment

Terminal Growth

4.0%

Long-run growth rate

Projection Period

10 yrs

Explicit forecast horizon

Projected Cash Flows

Values in millions USD

Year	Revenue	EBITDA	FCF	Discounted FCF
Yr 1	42,271	6,284	1,787	1,623
Yr 2	50,841	8,775	3,589	2,961
Yr 3	60,860	11,891	6,393	4,790
Yr 4	70,286	15,289	8,721	5,935
Yr 5	81,576	19,404	11,736	7,254
Yr 6	93,123	22,549	13,963	7,839
Yr 7	103,877	25,609	16,427	8,376
Yr 8	114,874	28,808	18,991	8,795
Yr 9	124,648	31,800	21,757	9,152
Yr 10	135,417	35,097	24,030	9,181
Terminal Value (PV)				156,525

Key Valuation Ratios

Current vs 5-year average

PE Ratio

165.05x

5Y avg 122.29x

+35.0% vs avg

Forward PE

55.50x

5Y avg 35.55x

+56.1% vs avg

P/FCF Ratio

86.91x

5Y avg 86.92x

-0.0% vs avg

PS Ratio

19.90x

5Y avg 8.68x

+129.4% vs avg

A multiple below its own multi-year average can indicate the stock is cheaper than its recent history — context, not a standalone signal.

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Last Updated

Sep 10, 2026

Short Term

Medium Term

Long Term

Technical Overview

$503.60Price at Analysis

AMD’s technical profile is broadly constructive across all timeframes, led by strong trend alignment and a healthy momentum backdrop. Short term, the stock remains supported by price above the 20-day average and a bullish MACD, though the move is stretched enough that near-term consolidation would not be surprising. Medium term, the chart is decisively stronger, with price above the 50-day and 200-day averages and a Golden Cross structure that keeps the intermediate trend pointed higher. Long term, the stock remains in an uptrend and in the upper third of its 52-week range, but the pace of advance may be more selective given elevated volatility. The key levels to watch are $502.49 and $503.96 on the upside-defense line, with $512.31 and $514.18 as the next resistance zones.

Short Term

1 to 4 weeks

Uptrend

AMD’s short-term setup remains constructive, with price holding above the 20-day moving average and momentum confirmed by a bullish MACD crossover. RSI at 60.5 supports upside bias without yet signaling an overheated condition, though the stock is already pressing the upper half of the Bollinger Band and volume is only neutral.

Key Indicators

Price vs 20-day MA+4.83% above

Price vs 50-day MA+1.32% above

RSI (14-day)60.5

RSI InterpretationApproaching overbought

MACD TrendPositive (above signal)

Bollinger PositionUpper half

Volume TrendNeutral

Support

$502.49$499.33$494.21

Resistance

$512.31$515.91$521.03

The closest short-term level is support at $502.49, just below the current price, making it the most relevant area to watch in the 1–4 week window. Above, resistance at $512.31 is the first meaningful ceiling, with a likely test of either $502.49 or $512.31 depending on whether momentum holds or cools.

Medium Term

1 to 6 months

Strong uptrend

The medium-term structure is firmly positive: price sits above both the 50-day and 200-day moving averages, and the stock remains in Golden Cross territory. With trend direction still pointing higher and the share price positioned in the upper third of the 52-week range, the intermediate trend continues to favor buyers.

Key Indicators

Price vs 50-day MA+1.32% above

Price vs 200-day MA+45.82% above

52-Week Range PositionUpper third (81%)

Trend DirectionUptrend

MA Cross SignalGolden Cross territory

Relative Volume0.88x avg

Support

$490.77$480.28$452.44

Resistance

$503.96$529.10

Weekly pivots place support at $490.77 and $480.28 below, while resistance at $503.96 sits immediately overhead and aligns closely with the current trading area. Over 1–6 months, the market is likely to spend time probing this $503.96 confluence first, with the 50-day and 200-day moving averages reinforcing the importance of the $490.77–$480.28 support zone on any pullback.

Long Term

6 months and beyond

Uptrend

Long-term conditions are supportive but slightly less explosive than the medium-term picture, with AMD trading well above the 200-day moving average and near the upper end of its 52-week range. The broader trend is still up, but elevated volatility and proximity to prior highs suggest a more measured long-horizon bullish stance rather than outright acceleration.

Key Indicators

Price vs 200-day MA+45.82% above

52-Week High$584.73

52-Week Low$149.85

Distance from 52w High-13.9%

BB Bandwidth16.1%

MA CrossoverNone detected

Support

$453.72$437.77$435.05

Resistance

$514.18$516.90$532.85

Monthly pivots define a broad structural range between support at $453.72, $437.77, and $435.05 and resistance at $514.18, $516.9, and $532.85. Over 6+ months, the key question is whether AMD can absorb pressure near the low-$510s and revisit the 52-week high at $584.73, while the $453.72 monthly pivot remains the first major long-term downside reference.

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Frequently asked questions about Advanced Micro Devices Inc.

Does Advanced Micro Devices Inc. (AMD) have an economic moat?: MoatScan AI rates Advanced Micro Devices Inc. (AMD) 54/100 for moat strength, assessed across five sources of competitive advantage: network effects, switching costs, intangible assets, cost advantages and efficient scale. AMD has built a real but limited moat around x86 compatibility, chip design execution, and increasingly credible data-center products.Sign in free to see the Moat Type verdict and the pillar-by-pillar reasoning.
What is Advanced Micro Devices Inc.'s moat score?: Advanced Micro Devices Inc. (AMD) has a moat score of 54/100. The score is a weighted average of five pillar ratings: network effects, switching costs, intangible assets, cost advantages, and efficient scale. A higher score means the competitive advantages MoatScan AI identifies are wider and more durable.Sign in free to see each pillar rating, the Moat Type verdict and the moat trend.
How does AMD's share price compare with its estimated fair value?: MoatScan AI estimates AMD's intrinsic value with a discounted cash flow (DCF) model and shows how that estimate compares with the market price at the time of analysis. The estimate updates with each new financial analysis and is a research estimate, not a recommendation.Sign in free to see the fair value estimate and how it compares with the price.
What is Advanced Micro Devices Inc.'s fair value estimate?: MoatScan AI derives Advanced Micro Devices Inc.'s (AMD) fair value per share from a discounted cash flow (DCF) model built on the company's reported financials, analyst growth forecasts, and a discount rate reflecting its cost of capital. The Financial Analysis tab shows the estimate alongside every assumption behind it.Sign in free to see the estimate and the full assumptions behind it.

Disclaimer: The analysis on this page is generated by AI and is provided for informational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any security. Always conduct your own due diligence and consult a qualified financial adviser before making any investment decisions. MoatScan AI is an educational research tool. It is not licensed or registered with the Securities Commission Malaysia or any other financial regulator, and it holds no positions in, and receives no compensation from, any company analysed.

AMD$454.62

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Frequently asked questions about Advanced Micro Devices Inc.

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