AMD shares hover near $509 as analysts lift targets ahead of Q3 earnings
The gist
Chipmaker AMD traded at $509.13, up 0.86%, with shares up 164.48% year to date.
Its Nov 3 earnings will test whether AI data-center demand justifies the rally.
How it unfolded
- Oct 6, 2026AMD hit a record closing high of $649.42 (all-time high $658.52) the same day CEO Lisa Su was on a supply-chain tour in Taipei; Citi raised its target to $800 from $575 with a Buy rating.
- Oct 27, 2026AMD shares closed at $560.26, gaining 5.45%.
- Oct 28, 2026Aletheia Capital raised its target to $800 from $700, maintaining Buy; AMD closed at $578.44, up 3.24%.