Advanced Micro Devices (AMD) News Today

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading higher as investors react to a wave of bullish news, including product unveilings, strategic partnerships and multiple analyst upgrades.

• Multiple firms—Piper Sandler, Stifel Nicolaus, Benchmark, Rosenblatt Securities and Roth Capital—raised their price targets on AMD, with highs ranging from $144 to $150.
• AMD unveiled its MI355 AI chips, targeting a $500 billion+ market and claiming superior speed and cost efficiency versus Nvidia’s top offerings.
• The company accelerated its full-stack AI strategy through three Q2 acquisitions (Eno Semi, Brium and Untether AI), bolstering hardware, photonics and software development.
• A new partnership with OpenAI to co-develop next-gen MI450 GPUs and Helios servers, along with collaborations with Microsoft, Oracle and DigitalOcean, highlights growing traction in AI infrastructure.
• CEO Lisa Su forecasted an 80% increase in AI inference demand by 2026, underpinning robust long-term growth expectations.
• Bullish commentary from Jim Cramer and a Seeking Alpha feature dubbing AMD the “Future AI Inference Monster” further boosted sentiment.
• Citi raised its price target to $120 (from $100), citing momentum from AMD’s new AI GPU launches.
• Premarket strength in chip stocks lifted AMD alongside peers Nvidia and Intel, reflecting broader sector optimism despite geopolitical headwinds.
• TipRanks notes that AMD must continue proving its competitive edge to sustain elevated valuations amid intensifying industry competition.
• A Seeking Alpha analysis warns that while AMD is catching up in AI, its current valuation may already price in much of the upside, limiting near-term undervaluation.

Overall, these catalysts have driven AMD’s stock higher today as investors price in accelerated AI innovation and favorable analyst sentiment.