On July 6, Advanced Micro Devices rose 3.22% overnight, trading at $532.53 per share, with turnover of $13.39 million. The move came amid a broad semiconductor sector rebound and confirmation that AMD's previously announced GPU pricing adjustment has officially taken effect.

On the news front, AMD has formally notified its AIB partners that the bundled supply price for discrete GPU chips and GDDR memory kits will increase by approximately 10%, with the adjustment effective July. The price hike reflects AMD's ability to pass through rising costs amid severe GDDR memory supply tightness, as AI server DRAM demand has diverted production capacity away from consumer-grade GDDR6, driving spot prices up roughly threefold since late last year.

Additionally, Wells Fargo recently raised its AMD price target from $505 to $615, maintaining an Overweight rating. The analyst cited AMD's server CPU revenue growth trajectory and projected data center GPU revenue reaching $63 billion by 2028, noting AMD could achieve annual EPS above $20 earlier than previously expected.

(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.)