WS Investor
06 Jul 2026, 15:27
AMD Stock Jumps as Goldman Sachs Raises Price Target to $640
Advanced Micro Devices (NASDAQ: AMD) surged nearly 9% on Monday after Goldman Sachs reaffirmed its Buy rating and sharply increased its price target on the semiconductor giant to $640 from $450.
The sizable price target increase comes as optimism surrounding artificial intelligence infrastructure spending continues to strengthen. AMD has been gaining traction in the AI accelerator market with its Instinct GPU lineup, while growing demand for high-performance computing chips has fueled expectations for sustained revenue growth.
The bullish analyst update also reflects confidence that AMD is well positioned to benefit from expanding enterprise AI adoption and continued investment in data center infrastructure. Investors have increasingly viewed the company as one of the leading beneficiaries of the global AI spending cycle alongside other major semiconductor firms.
The rating action helped accelerate buying interest, pushing AMD shares to fresh highs during Monday's session and making the stock one of the strongest performers in the semiconductor sector.
The move highlights continued investor enthusiasm for AI-related chipmakers, with analysts remaining optimistic that strong demand for AI hardware and cloud infrastructure will support AMD's long-term growth trajectory.
Advanced Micro Devices (NASDAQ: AMD) surged nearly 9% on Monday after Goldman Sachs reaffirmed its Buy rating and sharply increased its price target on the semiconductor giant to $640 from $450.
The sizable price target increase comes as optimism surrounding artificial intelligence infrastructure spending continues to strengthen. AMD has been gaining traction in the AI accelerator market with its Instinct GPU lineup, while growing demand for high-performance computing chips has fueled expectations for sustained revenue growth.
The bullish analyst update also reflects confidence that AMD is well positioned to benefit from expanding enterprise AI adoption and continued investment in data center infrastructure. Investors have increasingly viewed the company as one of the leading beneficiaries of the global AI spending cycle alongside other major semiconductor firms.
The rating action helped accelerate buying interest, pushing AMD shares to fresh highs during Monday's session and making the stock one of the strongest performers in the semiconductor sector.
The move highlights continued investor enthusiasm for AI-related chipmakers, with analysts remaining optimistic that strong demand for AI hardware and cloud infrastructure will support AMD's long-term growth trajectory.