AMD's stock is surging, with the company now worth more than JPMorgan Chase.
Chip stocks are leading a broad risk-on move at midday on Monday, June 15. Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) stock is up 7% and just printed an intraday record near $558, pushing the company's market value above $900 billion for the first time.
The AI trade is off to a strong start this week.
Advanced Micro Devices (AMD) stock price has soared this year, making it one of the top gainers on Wall Street. It jumped by 133% this year, bringing its market capitalization to over $834 billion.
A trillion-dollar market cap used to be a club reserved for software empires and one graphics chip company that surprised the world.
Wolfe Research has reiterated its ‘Outperform' rating on Advanced Micro Devices (NASDAQ: AMD) while maintaining its $450 price target.
Semiconductor leaders are coming into June 2026 with a fresh dent in the chart after a spring run that pushed valuations to uncomfortable levels.
Advanced Micro Devices shares moved higher on Friday after Citi upgraded the stock, arguing that investors are underestimating the company's potential in the rapidly expanding artificial intelligence graphics processing unit market. AMD stock was upgraded to Buy from Neutral by Citi analyst Atif Malik, who also raised his price target to $575 from $460.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and AMD (NASDAQ:AMD) both reported earnings in May, and the contrast says everything about today's AI hardware market.
AMD's gaming revenues rise on Radeon 9000 demand, but a sharper slowdown looms as higher costs and weaker console sales pressure growth.
Wall Street is underestimating how much Meta will spend on AMD's AI chips, a Citi analyst said.
Advanced Micro Devices stock has roared higher on enthusiasm for its central-processing units but Citi analyst Atif Malik sees another catalyst.