Key Takeaways
- Shares of AMD increased over 3% during Monday’s premarket session, trading at $534.10
- Goldman Sachs elevated its price objective to $640 from $450 while reaffirming its Buy recommendation
- Cantor Fitzgerald boosted its target to $700—Wall Street’s most bullish projection—while maintaining an Overweight stance
- AMD Ventures participated in a funding round for Turing, a Japanese autonomous vehicle technology company that secured $79 million
- Analysts anticipate AMD will report earnings of $1.55 per share on August 4, compared to $0.48 in the same quarter last year
Shares of Advanced Micro Devices rallied more than 3% during Monday’s premarket hours, touching $534.10, as renewed investor confidence fueled gains across AI-focused and semiconductor equities.
Advanced Micro Devices, Inc., AMD
Nasdaq futures advanced 1.23% while S&P 500 futures posted a 0.47% gain, providing positive momentum for the broader equity markets as trading commenced.
This upward movement coincided with a series of positive revisions from Wall Street analysts. Goldman Sachs increased its price objective for AMD to $640 from $450 while reiterating a Buy rating. Cantor Fitzgerald took an even more aggressive stance, raising its target from $500 to $700—establishing the highest projection among major financial institutions—while keeping an Overweight rating.
Cantor analyst C.J. Muse highlighted AMD’s robust expansion in the computing segment as justification for preferring the chipmaker over competitors such as Nvidia and Broadcom.
UBS also increased its price target to $670 on June 24, while Wells Fargo adjusted its forecast to $615 on June 30. The consensus Wall Street rating stands at Buy, with an average price objective of $499.44.
Data Center Expansion Fuels Optimism
AMD’s data center segment generated revenue of $5.8 billion, representing a 57% year-over-year increase and accounting for more than half of the company’s total sales. This impressive performance stems from the accelerated deployment of its EPYC Venice server processors and a strategic collaboration with Rackspace Technology to provide 30 megawatts of AI computing capacity by 2028.
From a technical perspective, AMD is positioned above all major moving averages. The stock trades approximately 4% above its 20-day simple moving average of $516.84 and roughly 16.8% above its 50-day simple moving average of $460.38. The golden cross pattern established in July 2025 remains in effect. Near-term resistance appears around $546.50, while critical support exists near $437.
The Relative Strength Index stands at 52.47—indicating neutral momentum—suggesting future direction will depend on price movement rather than extreme market conditions.
AMD Invests in Autonomous Vehicle Technology
AMD Ventures entered as a strategic investor in Turing Inc., a Japanese developer of autonomous driving technology, which completed a $79 million Series A extension round. The investment values Turing at approximately $600 million, according to Bloomberg reports.
Currently, about 10% of Turing’s artificial intelligence training operations utilize AMD graphics processing units, reducing reliance on Nvidia hardware and decreasing operational expenses in preparation for a commercial rollout planned for 2028. Turing is engineering self-driving systems for passenger cars and autonomous taxi services, having expanded road testing from Tokyo’s suburban regions into denser metropolitan zones.
AMD is scheduled to release its next quarterly earnings report on August 4. Financial analysts project earnings of $1.55 per share, a significant increase from $0.48 in the comparable period last year, with revenue expected to reach $11.28 billion versus $7.68 billion in the prior year quarter.
AMD currently trades at approximately 172.6 times earnings. According to GuruFocus analysis, its intrinsic value is estimated at $239.86, indicating the stock commands a 115% premium to that valuation. Corporate insiders have sold $164.5 million in shares during the past three months.
AMD demonstrates a momentum score of 98.6 and a growth score of 96.77, though its value score registers only 3.43.
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