Advanced Micro Devices (AMD) News Today

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares moved sharply today as investors weighed a mix of strategic announcements, earnings strength and analyst updates.

• $6 billion buyback program expands AMD’s repurchase capacity to ~$10 billion (over 5% of market cap), signaling management’s conviction that the stock is undervalued.
• Saudi AI partnership – AMD inked a $10 billion deal with HUMAIN (a Saudi government AI firm) to supply cutting-edge compute hardware, following the U.S. lifting of AI export restrictions.
• Q1 earnings beat – Revenue rose 36% year-over-year, driven by MI300X GPUs and a rebound in client and gaming segments; management highlighted the upcoming “Advancing AI 2025” event and the MI350 launch.
• Analyst upgrades – Barclays and Bank of America boosted their price targets to $130 and issued “Overweight/Buy” ratings, driving a ~5% gap-up in AMD shares. Meanwhile, a handful of firms reiterated “Hold” or trimmed targets, capping farther gains.
• Value endorsement – Morningstar named AMD one of its top value picks for 2025 at roughly 63% of its 52-week high, attracting bargain hunters.
• Institutional flows – ProShare Advisors, Shell Asset Management and others added to their stakes, even as some funds trimmed positions, creating mixed volume undercurrents.
• Unusual options activity – Call buying surged about 25% above average, reflecting bullish positioning ahead of AMD’s AI roadmap updates.

Bottom line: AMD’s stock is rallying on strong AI-driven demand, hefty capital-return initiatives and bullish analyst commentary, though selective profit-taking and cautious outlooks from some brokers are keeping volatility elevated.