The news is primarily sentiment/positioning from analyst upgrades/price-target actions plus recency of results and momentum indicators, which can influence near-term trading but is not a single event like earnings released today.
Advanced Micro Devices (AMD) Up More Than 100% Over the Past 6 Months, Here’s What You Need to Know Talha Qureshi Wed, June 10, 2026 at 7:14 PM GMT+2 2 min read AMD Advanced Micro Devices, Inc. (NASDAQ: AMD ) has gained roughly 100% over the past 6 months. Analysts expect the company to grow its EPS by more than 60% over the next 5 years, making it one of the Top 10 Unstoppable Growth Stocks to Invest In .
Wall Street has been bullish on the stock since the earnings release. Recently, on June 5, DBS reiterated a Buy rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) and raised the price target from $260 to $500.
On the same day, TD Cowen also reiterated a Buy rating on the stock and maintained the price target of $600. During the fiscal Q1 2026, the company reported revenue of $10. 25 billion, ahead of the expected $9.
92 billion. The EPS of $1. 37 also topped expectations of $1.
29. The revenue grew 38% year-over-year, driven by the Data Center segment, which improved 57% to reach $5. 8 billion.
Management noted growth to be driven by strong demand for EPYC processors and the continued ramp of Instinct GPU shipments. Moreover, AMD also announced several major developments. For instance, Meta plans to deploy up to 6 gigawatts of AMD Instinct GPUs.
AWS, Google Cloud, Microsoft Azure, and Tencent all expanded EPYC-powered cloud instances. AMD is also collaborating with Samsung on HBM4 memory for next-generation Instinct GPUs. Advanced Micro Devices, Inc.
(NASDAQ:AMD) is a global semiconductor company focused on high-performance computing and artificial intelligence (AI). Its operating segments include Data Center, Client and Gaming, and Embedded. While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 9 Most Undervalued Foreign Stocks to Buy Now and 10 Most Undervalued US Stocks According to Hedge Funds . Disclosure: None.
Follow Insider Monkey on Google News .
Oraklio AI Trading Intelligence
Oraklio turns news, price data, and market signals into structured BUY / SELL / NO_TRADE calls - updated continuously throughout the trading day.
Get started freeAlready have an account? Sign in →