Advanced Micro Devices (NASDAQ:AMD) Trading Up 3.4% – Here’s Why

01 Jul 2026, 20:00 by Tristan Rich · The Markets Daily

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) shot up 3.4% during mid-day trading on Monday . The company traded as high as $542.19 and last traded at $539.49. 26,379,985 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 37,743,352 shares. The stock had previously closed at $521.58.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Positive Sentiment: Wells Fargo raised its price target on AMD to $615 from $505 and kept an Overweight rating, citing stronger AI-driven server CPU demand and improved long-term visibility. AMD Gets a Price Target Hike Thanks to Surging CPU Demand
Positive Sentiment: Other analysts also turned more bullish, with additional target hikes and Street-high forecasts reinforcing the view that AMD’s data center and AI businesses are still accelerating. 5-star analyst resets AMD stock price target, but it’s not about GPUs
Positive Sentiment: AMD expanded its AI reach with new Versal Premium Gen 2 MoP SoCs, a move aimed at compact AI, networking, defense and video systems that could broaden the company’s addressable market. AMD Expands AI Reach With Versal Premium Gen 2 MoP SoCs: What’s Ahead?
Positive Sentiment: Multiple reports highlighted AMD’s outsized second-quarter rally and its approach toward a $1 trillion valuation, reflecting strong momentum in AI semiconductors and broad investor enthusiasm for the stock. Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter
Neutral Sentiment: Several market commentary pieces noted that AMD’s huge year-to-date gains and recent record highs make the shares look technically stretched, which helps explain why some investors are locking in profits. Why Is AMD Stock Down Today, 7/1/26?
Negative Sentiment: Broader semiconductor weakness and “bubble risk” concerns triggered a pullback in the group, putting pressure on AMD despite its strong fundamentals. Intel Drops 7%, AMD Slides 5%, Taiwan Semiconductor Falls 6% as BoA Flags “Bubble Risk”

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Loop Capital upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Cantor Fitzgerald increased their price objective on Advanced Micro Devices from $500.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday. BTIG Research raised Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Finally, UBS Group increased their price objective on shares of Advanced Micro Devices from $455.00 to $670.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $448.78.

Get Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Trading Down 7.1%

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96. The business’s 50 day simple moving average is $456.48 and its 200 day simple moving average is $301.41. The company has a market capitalization of $879.59 billion, a price-to-earnings ratio of 178.24, a price-to-earnings-growth ratio of 1.59 and a beta of 2.50.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. Advanced Micro Devices’s quarterly revenue was up 37.8% on a year-over-year basis. During the same period last year, the firm posted $0.96 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares in the company, valued at approximately $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $536.33, for a total value of $3,217,980.00. Following the completion of the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 378,032 shares of company stock worth $161,876,596 in the last three months. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in the stock. Global Wealth Strategies & Associates boosted its position in shares of Advanced Micro Devices by 6.9% in the 2nd quarter. Global Wealth Strategies & Associates now owns 572 shares of the semiconductor manufacturer’s stock worth $332,000 after buying an additional 37 shares in the last quarter. VectorGlobal IAG Inc. acquired a new position in Advanced Micro Devices during the first quarter worth about $9,262,000. Ballast Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at about $110,000. Sapient Capital LLC lifted its holdings in shares of Advanced Micro Devices by 147.3% in the first quarter. Sapient Capital LLC now owns 5,130 shares of the semiconductor manufacturer’s stock valued at $1,044,000 after purchasing an additional 3,056 shares in the last quarter. Finally, Vilga Financial Planning LLC acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

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Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.