Advanced Micro Devices (AMD) News Today

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are moving on a mix of analyst updates, institutional activity, and insider transactions. Here’s what investors need to know:

• Positive Sentiment: Citigroup boosted its price target for AMD to $165.00 from $145.00, reflecting analyst confidence in the company’s outlook. Advanced Micro Devices Price Target Raised
• Positive Sentiment: Wells Fargo reiterated an “Overweight” rating and increased its price target on AMD shares to $185, citing accelerating data-center GPU growth. AMD Price Target Hike
• Positive Sentiment: Cathie Wood’s ARK Invest made significant new allocations to AMD stock as part of its AI and robotics bets, signaling strong institutional interest. Cathie Wood’s AI & Robotics Bets
• Positive Sentiment: Evercore noted that AMD’s MI308X chip is set to resume sales in China, which could drive revenue upside in 2025. AMD Revenue Upside from China Sales
• Positive Sentiment: Jefferies forecast strong price appreciation for AMD shares, reinforcing a bullish outlook on the chipmaker. Jefferies Forecast on AMD
• Positive Sentiment: MarketBeat’s Week in Review highlighted a technical indicator suggesting AMD stock is poised for a breakout, fueling momentum-driven buying. AMD Technical Breakout Signal
• Neutral Sentiment: Citigroup maintained a “neutral” rating on AMD despite raising its target price, indicating balanced risk-reward expectations. Benzinga: Citi Neutral Rating
• Negative Sentiment: Shares dipped after reports that AMD insiders, including EVP Mark Papermaster, sold shares worth $2.8 million, suggesting profit-taking at the executive level. Insider Selling Report
• Negative Sentiment: AMD shares traded down following the disclosure of insider selling, with a 2.4% drop attributed to market reaction to the executives’ stock sales. Trading Down After Insider Selling