Advanced Micro Devices (AMD) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Santa Clara, California-based Advanced Micro Devices, Inc. (AMD) produces semiconductor products and devices. Valued at $280.4 billion by market cap, the company offers products such as microprocessors,

Moreover, Wall Street's consensus estimate (provided by Yahoo! Finance) suggests AMD could deliver $5.97 in EPS during 2026, placing its stock at a forward P/E ratio of just 27.1. That leaves room for significant upside, because the stock would have to soar by 73% over the next 18 months just to maintain its current P/E ratio of 46.8.

What Happened? Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 3.4% in the morning session after Barclays raised its price target on the stock. The investment bank lifted its price target to $45.

Shares of Super Micro Computer Inc. (NASDAQ: SMCI) have plummeted by 17.4% in a single week after the company announced its latest quarterly earnings report, a reaction that will soon become unjustified for investors who know what they are looking for inside those results.