On June 25, Advanced Micro Devices (AMD) rose 3.51% in after-hours trading, trading at $537.71/share, with turnover of $872 million.
On the news front, UBS raised its price target on AMD from $455 to $670 while maintaining a Buy rating. According to analysts polled by FactSet, AMD holds an average overweight rating with a mean price target of $502.92, suggesting the UBS target represents a notably bullish stance relative to consensus.
The upgraded outlook comes amid a series of strategic supply chain moves by AMD. The company recently reached an agreement with Austrian PCB manufacturer AT&S to expand high-end IC substrate capacity at its Kulim, Malaysia facility, with total investment of approximately 1.5 to 2.0 billion euros funded by AMD and other clients. AMD is also aggressively securing CW laser chip supply to avoid being constrained by NVIDIA and major CSPs locking up global capacity. These initiatives reflect AMD's confidence in AI-driven demand growth, supported by Q1 data center revenue of $5.775 billion, up 57% year-over-year, as MI450 series GPU sample shipments begin ahead of planned Helios mass production in the second half.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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