Explore the latest developments concerning AMD shares soar.
Intel's latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging. The numbers led investors to scoop up shares of another major chipmaker: Advanced Micro Devices.
AMD shares soared more than 12% on Friday as Wall Street analysts were caught off guard by Intel's CPU performance â which they believe will translate to other big CPU makers.
"We figured CPUs were the next big bottleneck, but Intel's results indicate that is already translating to very significant upside," D.A. Davidson analyst Gil Luria wrote in a Friday note. "The CPU is reinserting itself as an indispensable foundation of the AI era, and the once sleepy CPU market has taken off as agentic workloads shift compute needs" beyond graphics processing units produced by companies such as Nvidia.
A strong set of Q1 results and Q2 guidance from Intel is sending shares of fellow CPU sellers Arm Holdings and Advanced Micro Devices about 6% and 4% higher in postmarket trading, respectively.
Intel’s robust report is seemingly a rising tide that lifts all boats in the industry, not just a company-specific dynamic.
Arm recently pivoted to designing and selling CPUs for data center customers (like Meta!) in addition to its long-standing business of licensing out the design architecture.
And AMD, of course, has been a well-established giant in the space before it ever started offering GPUs.
It’s the latest reminder that the AI boom isn’t just juicing demand for the most advanced chips, but also memory, older-school units, and a wide array of hardware.
https://invezz.com/news/2026/04/24/stifels-top-analyst-hikes-amds-target-to-320-should-you-buy/Advanced Micro Devices AMD drew fresh support from Wall Street this week after a new bullish call from Stifel.
The key question for investors now is how much upside remains following the stock’s sharp rally.
Stifel analyst Ruben Roy raised his AMD price target to $320 from $280 and kept a Buy rating.
At AMD’s last trade of $305.33 on Friday, that new target implies only about 4.8% upside from here.
The case from Stifel is straightforward, as AMD is no longer being treated as just a cyclical chip name.
Roy’s upgrade is tied to multi-gigawatt commitments from Meta and OpenAI, which gives the call a specific AI-infrastructure rationale rather than a generic momentum trade.
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