What's Going On With AMD Stock Friday?

Advanced Micro Devices, Inc AMD stock continues to pique investor curiosity amid reports of the chipmaker exploring alternatives to its production and partner foundries to reduce reliance on Taiwan Semiconductor Manufacturing Company Ltd TSM.

While visiting Tokyo on Friday, chair and CEO Lisa Su discussed considering other manufacturing capabilities besides TSMC, Nikkei Asia reports.

Also Read: Cloud Providers Are Looking at AMD as an Alternative to Nvidia

TSMC's rivals include South Korea's Samsung Electronics Co, Ltd SSNLF, Taiwan's United Microelectronics Corp UMC, and U.S.-listed GlobalFoundries Inc GFS.

Su expressed openness to leveraging TSMC sites located outside Taiwan.

She flagged the significant opportunity in AI with GPUs, emphasizing that in some areas of AI development, AMD's technology and knowledge would be more competitive than Nvidia Corp's NVDA.

"AI is going to have many winners," said Su. "There's not just one solution."

This week, BofA analyst Vivek Arya cut his price target to $130 from $135, citing pressure from NVDA's full-stack AI platform on AMD data center GPU market share upside (alongside side risks in CPU market cannibalization).

Price Actions: AMD shares traded higher by 1.20% at $111.57 on the last check Friday.

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