AMD stock is analyzed, noting a year-to-date increase of over 115% in 2025. The analyst mentions rating AMD as a buy for several years, even rating it as one of the best stocks to buy to start 2025, but now has downgraded his rating due to the high price of the stock. Investor questions about buying the stock before or after earnings are addressed. Partnership is mentioned with Open AI that has resulted with them purchasing AMD chips in greater quantities and overall positive sentiment toward the company. The most recent quarterly results, reported on August 5th, 2025, are cited as a turning point for the company's momentum, attributing it to actual tangible performance. A forecast is given, with the company projecting revenue of $8.7 billion in the third quarter of 2025 and year over year growth of approximately 28%. Net cash flow also doubled to $2.4 billion from $1.1 billion. Despite the positive factors, an intrinsic value per share of $189.15 is calculated, but the stock price is over $280. This is why he can't fully recommend it, and believes the overvaluation has to correct itself.