AMD Stock Rises on China Export Ban Suspension and Bullish Analyst Outlook

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2025-07-29 18:58:02

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Advanced Micro Devices (AMD) shares climbed 2.6% Tuesday, outpacing the broader market's decline, after the TRUMP administration temporarily lifted export restrictions on advanced semiconductors to China. The move, seen as a concession in ongoing trade negotiations, could significantly boost AMD's sales of AI processors in the Chinese market.

Bank of America analysts amplified the positive sentiment, raising their price target on AMD from $175 to $200. The dual catalysts of geopolitical trade developments and institutional confidence underscore AMD's strategic position in the high-stakes AI semiconductor race.

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