Advanced Micro Devices extends AI-driven outlook, shares trade lower after sector pullback
24.06.2026 - 08:02:35 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-24, 07:39.
Advanced Micro Devices (US0079031078) enters mid-week trading on the NASDAQ with shares recently giving back 5.85 percent to close at 519.37 US dollars, reflecting wider semiconductor sector selling pressure on Monday as reported by International Business Times Australia.International Business Times Australia market report
What recent analyst updates show
Analysts have been revisiting their assumptions for Advanced Micro Devices in light of accelerated demand for AI data center hardware, with several major houses lifting long-term price targets into a band between 560 and 665 US dollars according to a detailed Simply Wall St analysis on Yahoo Finance.Yahoo Finance / Simply Wall St analyst overview
Barclays now models a target around 665 US dollars, Mizuho and TD Cowen each work with 600 US dollars, while Bernstein also sits near 600 US dollars and Bank of America has raised its target to about 560 US dollars according to the same report, underlining a robust consensus that ties AMD's prospects to AI infrastructure build-outs in the United States and globally.Yahoo Finance / Simply Wall St analyst overview
How AMD’s AI strategy underpins expectations
Operationally, AMD disclosed for fiscal first quarter 2026 revenue of roughly 10.3 billion US dollars with non-GAAP earnings per share of about 0.37 US dollars, of which close to 5.8 billion US dollars stemmed from Data Center operations driven by EPYC server CPUs and Instinct accelerators according to the same analyst summary.Yahoo Finance / Simply Wall St analyst overview
For the second quarter 2026, AMD has guided revenue around 11.2 billion US dollars plus or minus 300 million US dollars according to that assessment, pointing to steady sequential growth that many analysts explicitly associate with AI-related demand in cloud and enterprise data centers.Yahoo Finance / Simply Wall St analyst overview
All news and analysis on the Advanced Micro Devices shares
More charts, background and corporate disclosures on Advanced Micro Devices can be found in the dedicated topic section and via the company’s investor relations site.
The product behind AMD’s data center push
One key product family behind AMD’s AI positioning is the Instinct line of data center GPUs, with the MI300 series designed to accelerate large-scale training and inference workloads in cloud and enterprise environments by combining high-bandwidth memory and advanced packaging for compute-intensive applications.AMD Instinct product overview
Where the AMD shares trade today
The Advanced Micro Devices shares (US0079031078) last closed on the NASDAQ at 519.37 US dollars as of 2026-06-24, 01:29 IST, reflecting a 5.85 percent decline on the day in indicative data.Moneycontrol AMD quote
Advanced Micro Devices at a glance
- Company: Advanced Micro Devices, Inc.
- ISIN: US0079031078
- WKN: 863186
- Ticker: AMD
- Trading venue: NASDAQ
- Price (as of 2026-06-24, 01:29): 519.37 USD
- Market cap: 840.00 billion USD (as of 2026-06-24)
- Sector / industry: Semiconductors & Semiconductor Equipment
- Index membership: S&P 500, NASDAQ-100
- Next earnings date: not officially scheduled
Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. All data and estimates are based on sources considered reliable but cannot be guaranteed.
