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Story summary
- AMD’s stock surged over 180% year-to-date in 2026.
- Its market capitalization reached about $993 billion, approaching a trillion-dollar valuation.
- The forward P/E rose above 85, far above Nvidia’s 26 and Broadcom’s 32.
- Analysts warn profit-taking and a shift to cheaper rivals could push the stock lower in late 2027.
- The outlook suggests the share price may tumble to a reasonable valuation or stay flat, disappointing shareholders.