# Advanced Micro Devices (AMD) stock is inching up ahead of the company’s Q1 financial release.

*business · news · 2026-05-05 · Barchart*

## Key points

- Options data shows a bullish skew for AMD, with an upper price target of $377 by May 8.
- HSBC has downgraded AMD to 'Neutral', citing stretched valuation and near-term optimism already priced in.
- HSBC warned that foundry capacity constraints at TSMC may limit AMD's growth through 2026.
- Despite HSBC's downgrade, consensus on AMD remains 'Strong Buy' with price targets up to $380.

**Companies:** Advanced Micro Devices (AMD), Taiwan Semiconductor (TSM)
**Countries:** United States, Taiwan

[Read the full story on Barchart](https://www.barchart.com/story/news/1719155/ahead-of-amd-earnings-here-is-what-barchart-options-data-shows-for-amd-stock)

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