As November unfolds, investors are turning their attention to Advanced Micro Devices (AMD) amid rising expectations ahead of the company’s Q3 earnings report. Following recent AI-driven partnerships and notable seasonal trends, AMD is solidifying its reputation as a must-watch stock this month.
Seasonal Trends Favor AMD in November
Historically, November stands out as a favorable month for AMD, with statistical data showcasing positive returns in 71% of Novembers over the past 25 years, according to TrendSpider charts. This seasonality aligns with broader performance patterns, highlighting May (60% positive returns) and other momentum-driven months like October (44% positive returns) as key growth periods for the stock. These data points underscore an optimistic outlook for AMD as the year draws to a close.
Impressive 2025 Performance Strengthens Prospects
AMD has experienced a remarkable year so far, with its stock soaring approximately 115% year-to-date. As of the most recent session, the stock closed at $259, reflecting a 1.3% rise for the day. This robust performance is indicative of the company’s growing competitive presence in the artificial intelligence (AI) and data center sectors.
AI Momentum Puts AMD in Nvidia’s League
Long regarded as a step behind Nvidia (NASDAQ: NVDA), AMD is closing the gap. The company has earned recognition for its cost-efficient chips, which deliver strong performance in AI server environments. Analysts increasingly view AMD as Nvidia’s primary competitor in the high-gloss AI and data center markets, highlighting the company’s strategic positioning in this fast-evolving industry.
Key Partnerships Bolster Growth Prospects
Spearheading AMD’s growth are recent major agreements with technology giants such as OpenAI and Oracle. The OpenAI partnership sees AMD supplying up to 6 gigawatts of GPUs for the AI leader’s data centers. Additionally, OpenAI plans to invest in AMD shares, with an acquisition target of roughly 160 million shares—equivalent to 10% ownership of the company.
AMD’s collaboration with Oracle furthers its growth trajectory, enabling the deployment of up to 50,000 GPUs across Oracle’s global data center network. Moreover, the company’s chips are powering innovative Department of Energy supercomputers in partnership with Oak Ridge National Laboratory, marking a vital milestone in its contributions to critical public-sector ventures.
Why November Looks Promising
With AMD’s strategic initiatives aligning with macro trends in the AI sector, its upcoming Q3 earnings report is likely to cement its appeal as a long-term investment. Analysts anticipate impressive results, projecting earnings per share (EPS) of $1.17 on revenues of $8.7 billion—up from $0.92 EPS and $6.8 billion in the prior year. While complete financial impacts of its recent deals may take a few quarters to materialize, the trajectory paints a promising picture for AMD’s future.
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