Shares of Advanced Micro Devices rallied more than 3% before Monday’s opening bell, touching $534.10, as renewed investor confidence lifted artificial intelligence and chip sector equities.
Advanced Micro Devices, Inc., AMD
Nasdaq futures advanced 1.23% while S&P 500 futures climbed 0.47%, providing momentum across the broader equity markets as trading began.
This upward movement coincided with several positive analyst revisions. Goldman Sachs elevated its price objective for AMD to $640 from a previous $450, preserving its Buy recommendation. Cantor Fitzgerald took an even more aggressive stance, boosting its target from $500 to $700—establishing the most bullish projection among Wall Street firms—while retaining its Overweight classification.
C.J. Muse, an analyst at Cantor, pointed to AMD’s robust expansion trajectory in computing infrastructure as justification for preferring the chipmaker over competitors including Nvidia and Broadcom.
UBS previously increased its target to $670 on June 24, while Wells Fargo adjusted its projection to $615 on June 30. The consensus recommendation across Wall Street analysts stands at Buy, with a mean price objective of $499.44.
AMD’s data center segment generated a remarkable 57% year-over-year increase, reaching $5.8 billion in revenue and representing more than half of the company’s total sales. This impressive performance is underpinned by the accelerated deployment of its EPYC Venice server processors and a strategic collaboration with Rackspace Technology to provide 30 megawatts of AI computational capacity by 2028.
From a technical analysis perspective, AMD is currently positioned above all major moving averages. The stock trades approximately 4% above its 20-day simple moving average of $516.84 and roughly 16.8% above its 50-day simple moving average of $460.38. The golden cross pattern established in July 2025 remains in effect. Near-term resistance appears around $546.50, while crucial support is located near $437.
The Relative Strength Index stands at 52.47—indicating neutral momentum—suggesting future price direction will depend on trading activity rather than extreme market conditions.
AMD Ventures participated as a fresh investor in Turing Inc., a Japanese autonomous vehicle technology company, which secured a $79 million Series A extension round. According to Bloomberg, the financing values Turing at approximately $600 million.
Currently, about 10% of Turing’s artificial intelligence training operations utilize AMD graphics processing units, reducing reliance on Nvidia hardware and decreasing expenses in advance of a scheduled commercial deployment in 2028. Turing is engineering autonomous driving software for personal automobiles and autonomous taxi services, and has broadened its testing operations from Tokyo’s peripheral areas into more densely populated city centers.
AMD’s upcoming quarterly earnings announcement is scheduled for August 4. Wall Street forecasts earnings of $1.55 per share, representing growth from $0.48 in the comparable year-ago period, on revenue of $11.28 billion compared to $7.68 billion previously.
AMD currently trades at approximately 172.6 times earnings. According to GuruFocus analysis, its intrinsic valuation sits at $239.86, indicating the stock commands a 115% premium relative to that assessment. Company insiders have divested $164.5 million in shares during the previous three-month period.
AMD demonstrates a momentum score of 98.6 and a growth score of 96.77, though its value score registers at only 3.43.
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