On July 31, Advanced Micro Devices rose 3.59% in pre-market trading, trading at $502.28/share, with turnover of $27.52 million.

On the news front, Microsoft reported after-hours earnings that significantly exceeded market expectations, while Samsung and Lam Research also posted strong results, collectively reigniting AI chip trading enthusiasm across the semiconductor sector. During the prior regular session, AMD had already surged over 12%, driven by ARM's better-than-expected earnings showing 22% revenue growth to $1.289 billion and adjusted EPS of $0.45, as well as Susquehanna raising AMD's target price from $450 to $500 while maintaining a positive rating. According to FactSet, AMD's current mean analyst target price stands at $573.38.

AMD is scheduled to report earnings on August 4 after market close, with consensus expectations for revenue of $11.278 billion, representing approximately 52% year-over-year growth, and adjusted EPS of $1.61.

(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.)