AMD Surges on Bullish Analyst Sentiment and Institutional Accumulation

Advanced Micro Devices (AMD) shares rallied sharply after Goldman Sachs upgraded the stock to Buy and TD Cowen set a Street-high $600 price target. The chipmaker now trades at $466.38, well above its 50-day moving average of $358.36, following a Q1 earnings beat with $1.37 EPS and $10.25 billion revenue (up 37.8% YoY).

Institutional interest intensified as Krane Funds Advisors increased its AMD stake by 72.7% last quarter. Despite insiders selling $119.5 million in shares over 90 days, the stock maintains a $419.86 average target among analysts—a figure increasingly viewed as conservative given the AI-driven semiconductor rally.

The gains come despite sector headwinds from Broadcom's tempered AI outlook. AMD's 52-week range ($115.06-$546.44) reflects the violent swings characteristic of chip stocks during this infrastructure build-out phase.