AMD Gains 3% After UBS Raises Stock Target To $730
Advanced Micro Devices, Inc. (AMD) stock price has surge by 3.10% in the pre-market hours despite closing 3.29% lower on Friday, July 24, 2026. AMD’s latest price surge comes after UBS raised its stock price target to $730. Let’s discuss if AMD can sustain its rally and continue on a bullish trajectory.
Can AMD Continue Its Price Rally?
AMD is one of the biggest chip manufacturers in the world. UBS is one of many Wall Street firms that have increasingly become bullish on the company’s stock price. AMD recently revealed a host of new AI chips that the company claims can even outperforms Nvidia’s offerings. The product launch may have been the catalyst behind UBS’s decision.
AMD is also in a unique position because it caters to both GPU (Graphics Processing Unit) and CPU (Central processing Unit) needs. While generative AI is more GPU demanding, the coming of agentic AI will flip the tide into a more CPU-focussed trend. Many, including Intel leadership, believe that the coming of agentic AI will bring CPU manufacturers to the forefront. AMD could greatly benefit from such a development.
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