Despite already rising more than 2x from its low in March 2020, at the current price of $84 per share, we believe Advanced Micro Devices stock (NASDAQ NDAQ : AMD) has further upside potential. AMD stock has increased from $39 to $84 off the recent bottom, much more than the S&P which increased by around 70% from its lows. Further, the stock is up around 50% from the level it was at before the pandemic. However, we believe that AMD stock could jump to fresh highs, rising around 20% to cross its all-time high of $99, driven by expectations of strong demand and strong full-year 2020 results despite the pandemic. Our dashboard What Factors Drove 350% Change In Advanced Micro Devices Stock Between 2018 And Now? has the underlying numbers behind our thinking.