Advanced Micro Devices (NASDAQ:AMD) Shares Up 7.7% – Should You Buy?

Posted by Geri Gentry on Jul 2nd, 2026

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report) rose 7.7% during mid-day trading on Tuesday . The stock traded as high as $584.73 and last traded at $580.91. 34,261,521 shares were traded during trading, a decline of 9% from the average daily volume of 37,716,441 shares. The stock had previously closed at $539.49.

Key Headlines Impacting Advanced Micro Devices

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

Positive Sentiment: Wells Fargo raised its price target on AMD to $615, reinforcing Wall Street’s bullish view on the company’s AI CPU and data center growth. This Analyst Just Raised the Price Target on AMD Stock. Here’s Why.
Positive Sentiment: AMD introduced Versal Premium Gen 2 adaptive SoCs for AI, networking, defense, and aerospace markets, expanding its product mix beyond CPUs and GPUs. AMD (AMD) Unveils Versal Premium Gen 2 For AI And Aerospace Markets
Positive Sentiment: Analysts and commentators continued to highlight AMD as a long-term AI winner, with some calling the recent pullback a buying opportunity. Should Investors Buy AMD Stock after the Selloff? Here’s What Wall Street Thinks
Neutral Sentiment: AMD’s strong second-quarter rally and record market value have increased visibility, but also make the stock more vulnerable to volatility if investors rotate out of high-multiple AI winners. Record chip rally adds $2 trillion in combined value to Micron, Intel and AMD in second quarter
Negative Sentiment: AMD declined alongside other chip stocks as investors locked in gains after the sector’s recent surge, signaling profit-taking across AI semiconductors. MU, SNDK, NVDA, and AMD Stocks Turn Red after Early Gains Fade
Negative Sentiment: A rumor that GPU prices may rise again added to concerns about demand and pricing dynamics, contributing to the stock’s weakness. AMD Stock Slips on a GPU Price Increase Rumor
Negative Sentiment: Articles warning that AMD’s valuation already reflects a lot of future growth suggest the stock may be due for continued near-term volatility. 1 Major Warning Flag AMD and Intel Investors Can’t Afford to Ignore

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a report on Wednesday, May 6th. Rosenblatt Securities raised their price target on Advanced Micro Devices from $300.00 to $490.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Melius Research set a $540.00 price target on Advanced Micro Devices in a research note on Monday, May 18th. Mizuho upped their price objective on Advanced Micro Devices from $515.00 to $615.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, Seaport Research Partners raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $448.78.

View Our Latest Stock Report on AMD

Advanced Micro Devices Price Performance

The company has a 50 day moving average price of $461.80 and a 200 day moving average price of $303.66. The firm has a market cap of $841.75 billion, a PE ratio of 168.86, a price-to-earnings-growth ratio of 1.71 and a beta of 2.50. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

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

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 378,032 shares of company stock valued at $161,876,596. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC increased its position in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after acquiring an additional 2,970 shares during the last quarter. United Bank increased its position in Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer’s stock worth $1,881,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its position in Advanced Micro Devices by 361.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer’s stock worth $1,310,000 after purchasing an additional 7,228 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

About Advanced Micro Devices

(Get Free Report)

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.