Advanced Micro Devices, Inc.

Advanced Micro Devices Sales to Accelerate in Q2 From Unit and Average Selling Price Gains, Wedbush Says

Advanced Micro Devices' (AMD) sales are expected to accelerate in Q2 from a combination of unit and average selling price gains with demand attributable to compute racks powering AI, Wedbush said in a Wednesday research report.While management expects ramp for the MI450/455 GPUs in H2, the strength in CPUs offers somewhat insurance if GPU growth lags expectations, according to the note.Robust enterprise sales influenced by data center growth more than offsets expected weakness in the gaming segments, the firm said. The brokerage said it expects Q2, 2026, and 2027 EPS of $1.61, $6.95, and $12.33, respectively.The company's compute strength reinforces the view that AI infrastructure spending is accelerating faster-than-expected on agentic workloads, the brokerage stated.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $450 per share from $400.Price: $409.02, Change: $+53.76, Percent Change: +15.13%

Advanced Micro Devices Faces Expanding AI Exposure, BofA Says

Advanced Micro Devices (AMD) is facing expanding artificial intelligence exposure for its computer chips, BofA Securities said in a note Wednesday.The investment firm said AMD now represents about 6% of the AI total addressable market, and that figure is expected to grow toward over 10% by 2030.BofA highlighted the AMD increased its 2030 forecast for server central processing unit total addressable market to $120 billion from $60 billion previously on "greater emerging agentic AI demand for orchestration CPU."Meanwhile, the company has "additional 'gigawatt-scale' AI customer announcement potential" beyond OpenAI and Meta Platforms (META), the note said.After AMD's Q1 results call, BofA raised the company's 2026 and 2027 pro-forma EPS estimate by 9% each to $7.28 and $11.80, and it is forecasting the company's 2030 EPS potential at over $27, above its management's more than $20 target.BofA reiterated AMD's buy rating and lifted the company's price target to $450 from $310.AMD shares were rising past 15% in Wednesday morning trading.Price: $407.59, Change: $+52.33, Percent Change: +14.73%

Northland Securities Adjusts Advanced Micro Devices PT to $320 From $260

Advanced Micro Devices (AMD) has an average rating of Buy and mean price target of $410.23, according to analysts polled by FactSet.Price: $412.06, Change: $+56.80, Percent Change: +15.99%

Melius Research Adjusts Advanced Micro Devices Price Target to $500 From $325

Advanced Micro Devices (AMD) has an average rating of Buy and mean price target of $410.23, according to analysts polled by FactSet.Price: $409.07, Change: $+53.81, Percent Change: +15.15%

BofA Securities Lifts Price Target on Advanced Micro Devices to $450 From $310, Maintains Buy Rating

Advanced Micro Devices (AMD) has an average rating of buy and mean price target of $401.23, according to analysts polled by FactSet.Price: $405.65, Change: $+50.39, Percent Change: +14.18%

Wedbush Adjusts Price Target on Advanced Micro Devices to $450 From $400, Maintains Outperform Rating

Advanced Micro Devices (AMD) has an average rating of buy and mean price target of $410.23, according to analysts polled by FactSet.Price: $411.80, Change: $+56.54, Percent Change: +15.92%

Sector Update: Tech Stocks Advance Pre-Bell Wednesday

Technology stocks were advancing pre-bell Wednesday, with the State Street Technology Select Sector SPDR ETF (XLK) rising by 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.7% higher.Advanced Micro Devices (AMD) shares were up over 18% before the opening bell after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.Super Micro Computer (SMCI) stock was over 15% higher before the bell after the company reported higher fiscal Q3 adjusted earnings and revenue.Navitas Semiconductor (NVTS) stock was down more than 3% pre-bell after the company posted a Q1 adjusted loss and lower revenue.

Potential Middle East Peace Agreement, Oil Price Declines Drive US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Wednesday as oil prices slipped and a peace agreement between the US and Iran was reportedly close to being finalized.Dow Jones Industrial Average futures were 0.9% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.3% higher.The White House believes it is nearing an agreement with Iran on a one-page memorandum of understanding to end the conflict and establish a framework for more detailed nuclear negotiations, according to an Axios report, citing two US officials and two other sources briefed on the issue.In a post on Truth Social, President Donald Trump said he had paused "Project Freedom," a military operation to escort ships through the Strait of Hormuz, to see if an agreement with Iran can be signed.Traders kept an eye on the latest round of earnings, with AMD (AMD) reporting stronger-than-expected fiscal Q1 results and issuing an upbeat Q2 revenue outlook. Walt Disney (DIS) posted higher fiscal Q2 adjusted earnings and revenue that also surpassed analysts' estimates.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 6.9% at $102.28 per barrel and US West Texas Intermediate crude 7.7% lower at $94.45 per barrel.ADP's national employment report showed that private-sector employment increased by 109,000 in April, compared with expectations for a 120,000 gain in a survey compiled by Bloomberg.Federal Reserve St. Louis President Alberto Musalem is slated to speak at 9:30 am, and Chicago President Austan Goolsbee speaks at 1 pm ET.In other world markets, Japan's Nikkei was closed due to a public holiday. Hong Kong's Hang Seng ended 1.2% higher and China's Shanghai Composite finished 1.2% higher. Meanwhile, the UK's FTSE 100 was up 2.2%, and Germany's DAX index was 1.8% higher in Europe's early afternoon session.In equities, AMD and Disney shares rose 16% and 5.5%, respectively, after the companies reported their latest quarterly financial results. Alphabet (GOOG, GOOGL) stock was up 1.7% after the company's Google Cloud secured a $200 billion commitment from Anthropic for computing capacity and processors, according to a report from The Information citing a person with knowledge of the matter.On the losing side, Arista Networks (ANET) stock was down 9.1% despite the company posting higher Q1 non-GAAP earnings and revenue. Exxon Mobil (XOM) and Chevron (CVX) shares were down 3.6% and 3.7%, respectively, as energy majors saw stock price declines amid the dip in oil prices.

Sector Update: Tech

Technology stocks were higher pre-bell Wednesday, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.9% and the State Street SPDR S&P Semiconductor ETF (XSD) 3.7% higher.Advanced Micro Devices (AMD) shares were up over 18% before the opening bell after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Amid Potential US-Iran Truce

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 1% and the actively traded Invesco QQQ Trust (QQQ) was 1.7% higher in Wednesday's premarket activity amid news of a potential US-Iran truce.US stock futures were mixed, with S&P 500 Index futures up 1%, Dow Jones Industrial Average futures falling 1.2%, and Nasdaq futures advancing 1.6% before the start of regular trading.US mortgage applications fell in the week ended May 1 amid higher mortgage rates, according to data released by the Mortgage Bankers Association early Wednesday.ADP's monthly measure of private payrolls showed a 109,000 increase in April, below expectations compiled by Bloomberg as of 7:20 am ET for an increase of 120,000.State-level unemployment data for March is slated for a 10 am ET release, followed by the weekly petroleum stocks at 10:30 am ET.Chicago Federal Reserve President Austan Goolsbee is due to speak on Wednesday.In premarket activity, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.3% higher, Ether ETF (EETH) advanced 2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell over 14%.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.9% lower.Hut 8 (HUT) shares were up more than 24% pre-bell after the company reported higher Q1 revenue.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 2.1%, and the iShares US Technology ETF (IYW) was 2.4% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.3%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) rose 3.6%, while the iShares Semiconductor ETF (SOXX) increased by 4.3%.Advanced Micro Devices (AMD) shares were up more than 18% in premarket activity after the company overnight posted stronger-than-expected fiscal Q1 results and issued an upbeat Q2 revenue outlook.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.1%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was flat. The iShares Biotechnology ETF (IBB) was 1% higher.Novo Nordisk (NVO) stock was up more than 6% premarket after the company posted higher-than-expected Q1 earnings and revenue in addition to raising its 2026 adjusted sales growth guidance.EnergyThe iShares US Energy ETF (IYE) was down 4.2%, while the State Street Energy Select Sector SPDR ETF (XLE) fell by 4.8%.Equinor (EQNR) stock was down more than 9% before Wednesday's opening bell after the company reported lower Q1 revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1.8%, while the Vanguard Industrials Index Fund (VIS) was up 2.3%, and the iShares US Industrials ETF (IYJ) was inactive.Ametek (AME) stock was up more than 2% before the opening bell after the company agreed to acquire Indicor Instrumentation from Indicor in an all-cash deal valued at about $5 billion.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.2%. The iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 1.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 1.2% lower.Amazon (AMZN) shares were up more than 1% a day after The Information reported the company-backed Anthropic will pay Alphabet's (GOOG, GOOGL) Google Cloud about $200 billion over five years for computing capacity and processors.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 10% to $91.80 per barrel on the New York Mercantile Exchange. Natural gas was down by 2.5% at $2.72 per 1 million British Thermal Units. The United States Oil Fund (USO) fell by 9.6%, while the United States Natural Gas Fund (UNG) was 1.6% lower.Gold futures for May rose by 3.1% to $4,711.90 an ounce on the Comex. Silver futures advanced by 5.7% to $77.79 an ounce. SPDR Gold Shares (GLD) was 3% higher, and the iShares Silver Trust (SLV) rose by 5.4%.

Seaport Global Securities Upgrades Advanced Micro Devices to Buy From Neutral, Sets $430 Price Target

Advanced Micro Devices (AMD) has an average rating of buy and mean price target of $396.57, according to analysts polled by FactSet.

Oil Prices Slip, Potential Middle East Peace Agreement Drives US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Wednesday as oil prices slipped and a peace agreement between the US and Iran was reportedly close to being finalized.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.9%, and Nasdaq futures were 1.6% higher.The White House believes it is nearing an agreement with Iran on a one-page memorandum of understanding to end the conflict and establish a framework for more detailed nuclear negotiations, according to an Axios report, citing two US officials and two other sources briefed on the issue.In a post on Truth Social, President Donald Trump said he had paused "Project Freedom," a military operation to escort ships through the Strait of Hormuz, to see if an agreement with Iran can be signed.Traders kept an eye on the latest round of earnings, with AMD (AMD) reporting stronger-than-expected fiscal Q1 results and issuing an upbeat Q2 revenue outlook. Walt Disney (DIS) posted higher fiscal Q2 adjusted earnings and revenue that also surpassed analysts' estimates.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 11.1% at $98.74 per barrel and US West Texas Intermediate crude 10.9% lower at $91.41 per barrel.The national employment report for April from ADP, expected at 8:15 am ET, is seen showing an increase of 120,000 from 62,000 in the prior month, according to estimates compiled by Bloomberg. The Treasury Refunding quarterly announcement is expected at 8:30 am.Federal Reserve St. Louis President Alberto Musalem is slated to speak at 9:30 am, and Chicago President Austan Goolsbee speaks at 1 pm ET.

Stocks Rise Pre-Bell, Oil Prices Fall After Report Says US, Iran Nearing Peace Agreement

The main US stock measures were pointing higher in Wednesday's premarket activity, while oil prices declined after a media report said the US and Iran are nearing a potential agreement to end their conflict.The S&P 500 and the Dow Jones Industrial Average rose 0.7% each before the opening bell, while the Nasdaq advanced 1.2%. The indexes finished the previous trading session in the green, with the S&P 500 and the Nasdaq closing with new highs.Washington is nearing an agreement with Tehran on a one-page memorandum of understanding to end their conflict in the Middle East and establish a framework for more detailed nuclear negotiations, Axios reported Wednesday, citing two US officials and two other sources familiar with the matter.In a social media post on Tuesday, President Donald Trump said the US is temporarily pausing "Project Freedom," its effort to guide neutral ships locked up in the Strait of Hormuz out of the crucial waterway. Trump noted that the US blockade on Iranian ports will remain in effect.US Defense Secretary Pete Hegseth reportedly said Tuesday that the ceasefire agreement with Iran remained intact despite recently renewed tensions in the Gulf region.West Texas Intermediate crude oil dropped 9.3% to $92.88 a barrel in premarket action, while Brent fell 8.3% to $100.77.Treasury yields slipped before the open, with the two-year rate retreating 7.3 basis points to 3.87% and the 10-year rate off 6.8 basis points to 4.35%.Walt Disney (DIS), Uber Technologies (UBER), CVS Health (CVS), Marriott International (MAR), Johnson Controls International (JCI), Restaurant Brands International (QSR), Kraft Heinz (KHC) and Performance Food Group (PFGC) are some of the major companies scheduled to report their latest financial results before the bell, among others.Arm Holdings (ARM), Applovin (APP), DoorDash (DASH) and Warner Bros. Discovery (WBD) post earnings after the markets close.Shares of Advanced Micro Devices (AMD) jumped 18% pre-bell after the chipmaker reported stronger-than-expected first-quarter results. Novo Nordisk's (NVO) US-listed stock climbed 7.5% as the Danish pharmaceutical giant issued an improved full-year sales outlook. Arista Networks (ANET) declined 8.1% after it issued a downbeat second-quarter revenue outlook.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the ADP Employment report for April at 8:15 am. The weekly EIA domestic petroleum inventories report is out at 10:30 am.Federal Reserve Bank of St. Louis President Alberto Musalem is slated to speak at 9:30 am, while Chicago Fed President Austan Goolsbee speaks at 1 pm.Gold increased 3.1% to $4,710 per troy ounce, while bitcoin moved up 0.8% to $82,210.

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Advanced Micro Devices

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target to $500 from $400, based on a P/E of 29.4x our 2028 EPS view, above peers/below historical. We lift our EPS to $7.22 from $6.71 for 2026, $12.18 from $11.09 for 2027, and $17.03 from $14.50 for 2028. We are encouraged by AMD's growing opportunities as enterprises shift to Agentic AI workloads, which require substantially more CPU processing for orchestration and data movement. Given this, AMD more than doubled its long-term server CPU market forecast, now expecting the TAM to grow at over 35% annually to reach over $120B by 2030, up from a previous forecast of 18% annual growth to $60B. Also, customer demand for the upcoming MI450 series GPUs and its integrated Helios platform is exceeding initial plans, with Meta's large deal in Q1 offering great visibility over the next two to three years. We see ample room for AMD to exceed expectations and note its long revenue tail, which we see led by greater traction within major AI infrastructure builders for both its CPUs and rack-scale solutions.

CBOE Volatility Index Drops 3.5% Pre-Bell as US, Iran Reportedly Closing in on Peace Deal, AMD Results Boost Tech

US Equity Futures Rise Pre-Bell as Big-Tech Perks Up After AMD's Q1 Results, Hopes of Iran Peace Deal Rise

Goldman Sachs Upgrades Advanced Micro Devices to Buy From Neutral, Boosts Price Target to $450 From $240

Advanced Micro Devices (AMD) has an average rating of buy and mean price target of $376.26, according to analysts polled by FactSet.

Bernstein Upgrades Advanced Micro Devices to Outperform From Market Perform, Boosts Price Target to $525 From $265

Advanced Micro Devices (AMD) has an average rating of buy and mean price target of $376.26, according to analysts polled by FactSet.

Research Alert: Amd: Q1 Beat And Guidance Raise; Data Centers Tracking Ahead Of Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMD posted Q1 revenue growth of 38% to $10.3B vs 33% expected, with EPS of $1.37 (+43%) exceeding $1.29 consensus. Data Center segment revenue of $5.8B (+57%) exceeded expectations and now represents 56% of sales, highlighting AI infrastructure transformation. We are encouraged by strengthening customer engagement for MI450 Series and Helios rack-scale solutions, with forecasts exceeding initial expectations and the Meta partnership validating AMD's AI roadmap through plans to deploy up to 6GW of Instinct GPUs. Q2 guidance of $11.2B (+46%) beats expectations of $10.5B, reflecting product roadmap confidence. Gross margin of 55% (+1pt) and record free cash flow of $2.6B (25% margin) demonstrate AMD's ability to convert earnings growth while funding strategic investments. We believe server growth is expected to accelerate meaningfully as AMD scales supply to meet demand, with increasing visibility into growth trajectory from large-scale deployment pipeline.

Advanced Micro Devices Beats First-Quarter Views Amid AI Infrastructure Demand

Advanced Micro Devices (AMD) reported stronger-than-expected first-quarter results as demand for artificial intelligence infrastructure pushed data center revenue higher year-on-year.Adjusted earnings per share rose to $1.37 from $0.96 a year earlier, compared with the $1.29 consensus on FactSet. Revenue climbed 38% to $10.25 billion, above the $9.90 billion modeled by analysts.The chipmaker's stock was up 4.7% in extended trading. AMD shares have surged 66% year to date."We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with data center now the primary driver of our revenue and earnings growth," Chief Executive Lisa Su said in a statement. "We are seeing strong momentum as inferencing and agentic AI drive increasing demand for high-performance (central processing units) and accelerators."Data center revenue gained 57% to $5.78 billion, driven by AMD EPYC processors and Instinct graphics processing units. The client and gaming division advanced 23% to $3.61 billion."Looking ahead, we expect server growth to accelerate meaningfully as we scale supply to meet demand," Su said. "Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations and a growing pipeline of large-scale deployments providing us with increasing visibility into our growth trajectory."AMD expects second-quarter revenue of $11.2 billion, plus or minus $300 million. The consensus is for $10.54 billion.Wedbush Securities expected AMD to log a first-quarter beat amid CPU demand strength and a stronger-than-expected PC supply chain.The brokerage raised its price target on AMD's stock to $400 from $290, and upgraded 2026 and 2027 financial estimates."We not only see upside for AMD's server CPU numbers (assuming supply chain availability), but we also are more confident overall in AMD's ability to grow faster, a result we reflect in both an uptick to our forecasts around future AMD sales for both GPUs and CPUs post (the second quarter)," Wedbush analysts, including Matt Bryson, said Monday.