Industry data suggests AMD stock price forecast 2030 is bolstered by PC refresh cycles and GPU demand. Assuming global semiconductor TAM expansion near $1T by 2030, AMD’s share capture would justify multiple expansion and price targets beyond $320 per share. Meanwhile, Microsoft's considerably higher free cash flow indicates it's better equipped to continue expanding in AI and keep up with its rivals. As a result, Microsoft is the better AI stock and an attractive long-term buy right now. Forecasts for 2026 suggest a pullback, with AMD shares averaging around $162.34. Analysts are less bullish as questions emerge over whether the company can sustain its momentum in AI-driven markets. According to bullish case scenarios, AMD stock price forecast 2030 may be supported by software ecosystem monetization alongside hardware. Leveraging AI partnerships could elevate earnings, with consensus target range between $290 and $340 by 2030, based on sustained double-digit income growth.