On July 30, Advanced Micro Devices rose 3.36% in pre-market trading, trading at $443.87/share, with turnover of $59.19 million.

On the news front, Susquehanna raised its price target on AMD from $450 to $500, maintaining a positive rating. According to FactSet, AMD currently holds an average analyst rating of overweight with a mean price target of $573.38. The upgrade follows a string of prior target raises from firms including Futurum ($800), UBS ($730), Cantor Fitzgerald ($700), Melius Research ($660), and Bank of America ($620) in the wake of AMD's Advancing AI 2026 conference.

AMD had previously declined over several sessions due to systematic selling pressure in the semiconductor sector triggered by a major Chinese DRAM company's IPO, combined with profit-taking ahead of the August 4 earnings release. The current pre-market rise reflects the latest price target upgrade alongside a broader semiconductor sector recovery, with peers including Taiwan Semiconductor Manufacturing up 2.22%, Micron Technology up 1.89%, Intel up 1.55%, and NVIDIA up 1.51%. Market consensus expects AMD to report quarterly revenue of $11.278 billion, representing approximately 52% year-over-year growth, with 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.)