AMD Stock Nears $500 Ahead Of Earnings: Can It Hit $550?

Advanced Micro Devices, Inc (AMD) stock price is surging ahead of the company’s quarterly earnings report. AMD stock closed 1.78% (8.49 points) higher on Monday, August 3, 2026. The asset climbed an additional 2.69% (13.02 points) higher in the pre-market hours. Let’s discuss if AMD can hit $550 next.

Can AMD Stock Hit $550 After Quarterly Earnings Report?

Analysts are expecting high revenue and earnings per share (EPS) in AMD’s report due later today. The company had record revenue in its last quarter and the pattern is expected to continue this time around as well.

Wall Street analysts have also become increasingly bullish on AMD. Jefferies recently raised their target to $640, while Wells Fargo and Barclays predict a price of $615 and $665, respectively.

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