AMD Gains 4%
AMD stock climbs nearly 4% in premarket session after Micron's stronger-than-expected earnings and bullish outlook
Advanced Micro Devices Inc. ’s (NASDAQ: MU ) stronger-than-expected earnings and bullish outlook reinforced optimism around artificial intelligence infrastructure spending. 8% ahead of the opening bell. 46 billion, beating Wall Street expectations.
The memory-chip maker also forecast fiscal fourth-quarter adjusted earnings of about $31 per share on revenue of roughly $50 billion. Micron’s upbeat outlook is seen as supportive because memory is a critical component of AI servers, reinforcing expectations for continued AI infrastructure spending. AMD Remains In A Strong Uptrend AMD continues to trade in a strong long-term uptrend. 73.
However, momentum has eased. The moving average convergence divergence (MACD) indicator remains below its signal line with a negative histogram, suggesting buying momentum has slowed even as the broader trend remains positive. 00. Earnings And Analyst Outlook AMD is expected to report quarterly results on Aug.
4, 2026. 68 billion in the prior-year period. 2 times earnings, reflecting its premium valuation. 50.
Recent analyst actions include: UBS reiterated Buy and raised its price forecast to $670 on June 24. Citigroup upgraded the stock to Buy and raised its price forecast to $575 on June 12. Bank of America Securities maintained Buy and increased its price forecast to $560 on June 11. AMD Edge View According to Edge, AMD scores highly for momentum, quality and growth but ranks poorly on value.
89. 21, reflecting the stock’s premium valuation. 19%. Strong fund inflows or outflows in these ETFs can influence demand for AMD shares.
60 during premarket trading on Thursday, according to Pro data.