AMD price forecast remains bullish for Q3 2024, with analysts citing strong data center GPU demand driving revenue gains. Wall Street consensus points toward a potential price range of $165–$178 if AI-related growth continues. Institutional buying has increased 12% month-over-month, signaling confidence in the semiconductor sector momentum. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Intel, and Nvidia. The Motley Fool recommends the following options: short November 2025 $21 puts on Intel. The Motley Fool has a disclosure policy . The data center segment stood out, generating $3.7 billion in revenue, up 57% YOY, driven by strong demand for EPYC and Instinct. The client and gaming segment delivered $2.9 billion, rising 28% from the year-ago quarter, with client processor demand particularly robust. Finally, the embedded segment experienced a modest 3% decline to $823 million as demand remained mixed. AMD price forecast sentiment has improved due to strong forward guidance in its latest earnings call. Hedge funds are rotating into semiconductor plays after Nvidia’s rally, and AMD is seen as undervalued compared to peers. Projection models indicate potential 15% upside in a bullish tech cycle.