Advanced Micro Devices (AMD) received a significant boost following its strong first-quarter earnings report, prompting Bernstein Research to drastically revise its price target on May 6. The firm upgraded AMD from Market Perform to Outperform and raised its price target from $265 to $525, the...
Advanced Micro Devices Inc. shares surged 19% on Wednesday, reaching a new record high of $421.39 following an earnings update that significantly beat Wall Street expectations driven by robust artificial intelligence demand. In a statement issued on Tuesday, AMD projected second-quarter revenue of approximately $11.2...
Advanced Micro Devices reported first-quarter revenue of $10.3 billion, a 38% year-over-year increase that surpassed Wall Street's $9.9 billion projection, with earnings per share of $1.37 beating the consensus of $1.29. The company is capitalizing on the artificial intelligence boom and the emerging "agentic AI"...
Advanced Micro Devices reported strong first-quarter results with data center revenue surging 57% year-over-year, driven primarily by artificial intelligence demand. The company's gross margin normalized at 55%, which alleviates concerns regarding margin compression and confirms that the previous quarter's higher figure of 57% was influenced...
Wall Street analysts are recommending Advanced Micro Devices (AMD) as a buy ahead of its upcoming earnings report, with Wells Fargo recently adding the stock to its Q2 Tactical Ideas List with an Overweight rating and a $345 price target, which is notably above the...
Advent International L.P. purchased approximately $49.6 million worth of new shares in Advanced Micro Devices (AMD) during the first quarter, representing about 1.2% of its portfolio and making AMD its 12th largest position. This acquisition joins a broader trend of institutional interest, with Norges Bank,...
Citi has upgraded Advanced Micro Devices (AMD) from a Neutral to a Buy rating, raising its price target from $460 to $575 per share. Analyst Atif Malik argues that the market significantly undervalues AMD's potential as a legitimate second source in the GPU sector, noting...
Advanced Micro Devices (AMD) announced an expanded strategic partnership with Microsoft Corp., marking a significant milestone in deploying its next-generation AI infrastructure. Under the agreement, Microsoft will utilize AMD's Helios rack AI system platform on Azure to power frontier AI model inference, alongside new virtual...
Wall Street analyst Aaron Rakers of Wells Fargo & Co. raised his 12-month price target for Advanced Micro Devices (AMD) to $615, up from $505, maintaining an 'Overweight' rating. This bullish adjustment was driven by stronger-than-expected demand and pricing power in AMD's EPYC server CPU...
Advanced Micro Devices (AMD) saw mixed institutional activity in the first quarter, with Aaron Wealth Advisors decreasing its position by 6.3% to hold 15,606 shares worth $3.175 million. Conversely, major funds like Vanguard Group increased their stakes significantly, lifting holdings by 1.6% to own over...
Advanced Micro Devices (AMD) saw over $60 million in insider selling activity during the first half of June, primarily driven by CEO Lisa Su and CTO Mark Pepermaster. The bulk of this volume came from CEO Lisa Su's sale of 125,000 shares on June 10...
AMD has finalized a strategic agreement with Rackspace Technology to deploy 30 megawatts of artificial intelligence computing power across Rackspace's global data centers. This partnership solidifies AMD's role as a key technology partner in Rackspace's AI platform, marking a significant expansion of AMD's enterprise AI...
Citi analyst Atif Malik has upgraded his rating on Advanced Micro Devices (AMD) from neutral to buy and raised his price target to $575, citing significant upside in the company's GPU business that Wall Street currently undervalues. Malik argues that investors are viewing AMD primarily...
Bank of America analysts have significantly upgraded their outlook on AMD, Intel, and Arm Holdings, driven by a new thesis that 'agentic AI' will expand demand for central processing units (CPUs). BofA raised its forecast for the global server CPU market to over $170 billion...
Barclays analyst Tom O'Malley raised his price target on Advanced Micro Devices (AMD) from $500 to $665 on June 1, maintaining an Overweight rating. This adjustment reflects a strategic shift in the AI semiconductor landscape, moving beyond the traditional GPU-centric narrative dominated by Nvidia to...
Advanced Micro Devices (AMD) shares have surged over 308% over the trailing twelve months, climbing more than 130% year-to-date to trade near $500. Analyst Tristan Gerra of Robert W. Baird maintains a $625 price target, which would push AMD's market cap past $1 trillion, requiring...
Goldman Sachs has upgraded its rating on AMD from Neutral to Buy and increased its price target to $450 from $240, an 88% hike, driven by the chipmaker's recent strong earnings and positive guidance. The analyst firm highlights that AMD's position at the center of...
Advanced Micro Devices (AMD) delivered a robust financial forecast indicating second-quarter revenue will range between US$10.9 billion and US$11.5 billion, with midpoint guidance set at US$11.2 billion. This outlook significantly outperformed the average analyst prediction of US$10.5 billion, reflecting a surge in demand for the...
AMD reported first-quarter 2026 revenue of $10.3 billion, a 38% year-over-year increase, with earnings per share of $1.37 beating market expectations. Shares jumped more than 18% as investors reacted positively to the guidance, particularly driven by a sharp 57% surge in data centre revenue which...
Cantor Fitzgerald has reiterated an 'overweight' rating on Advanced Micro Devices (AMD), maintaining a price objective of $700.00, which suggests a potential upside of 34.11% from the current market price. This follows a broader trend of positive analyst sentiment, with Seaport Research Partners and Citigroup...
