AMD stock surged 13% on April 24, 2026. This rise pushed shares to a record high of $346, up from $305.33 the previous day.
The surge follows Intel’s impressive Q1 earnings report. Intel reported a non-GAAP EPS of $0.29 on revenue of $13.58 billion.
Analyst Gil Luria from D.A. Davidson upgraded AMD’s rating from neutral to buy. He raised the price target to $375, suggesting a potential upside of 22% from Thursday’s close.
Intel’s strong performance highlights big demand in the CPU market, particularly as companies enhance their AI capabilities. “The CPU is reinserting itself as an indispensable foundation of the AI era,” Luria stated.
AMD’s data center segment also showed robust growth—39% year over year—to reach $5.38 billion. This growth reflects AMD’s increasing footprint in the semiconductor sector.
As of midday, AMD stock has increased by 63% over the past month. The momentum is notable amid rising competition in the CPU market.
Barron’s described AMD as “the big winner of Intel earnings.” This sentiment resonates with investors looking for growth in technology stocks.
Lisa Su, CEO of AMD, remarked that “AMD is entering 2026 with strong momentum across our business.” This statement underscores the company’s positive outlook going forward.
However, uncertainties still linger regarding how long this momentum will last in the volatile market. Officials have not confirmed any specific strategies for sustaining this growth.
Within hours, analysts expect further reactions from investors as they digest these developments. The semiconductor sector remains in focus as companies vie for dominance in AI and data centers.
Overall, AMD’s significant jump today reflects broader trends in technology investment and consumer demand for advanced computing solutions.