AMD Up 155% YTD on Record Revenue, AI Demand

Semiconductor stocks Nvidia, AMD, Intel, and Broadcom are rising in pre-market trading due to strong AI demand signals from Nvidia CEO Jensen Huang. Nvidia expects to double chip sales by 2027, while AMD and Intel benefit from CPU/GPU demand and supply constraints. Broadcom also sees strong AI infrastructure demand. Analysts maintain positive ratings for these companies, with Nvidia, AMD, and Broadcom having 'Strong Buy' consensus.

AMD stock rose 1% in premarket trading after its CTO said AI demand remains strong, with businesses in early adoption stages. AMD expects AI workloads to shift toward inference and real-world applications, driving demand for CPUs, GPUs, and networking. The company is expanding into complete computing systems, aiming to capture more AI infrastructure spending. AMD's stock is 13.4% above its 20-day moving average, with a Buy consensus rating and an average price target of $604.

Nvidia shares rose 2.5% on Thursday, closing at $219.34, as tech stocks led a Wall Street rebound. The Nasdaq Composite gained 1.7%, its strongest day since August 4. The Fed's rate hike to 3.75%-4% initially pressured shares, but yields fell below 5%. Other tech companies like AMD and Intel also saw gains. Investors focus on AI spending and earnings, with Nvidia central to the debate.

US stocks rose on Thursday, with the S&P 500 up 1.1%, Dow Jones up 0.6%, and Nasdaq up 1.7%. The rally was driven by falling oil prices and easing bond market pressure. Nvidia and AMD gained 2.5% and 6.4% respectively, rebounding from earlier losses despite concerns about AI models.

INTC, AMD, and BB stocks reached 52-week highs. INTC hit $142.34, boosted by Cantor Fitzgerald's price target increase to $150. AMD reached $584.73, with Wells Fargo raising its target to $615. BB hit $12.93 after strong Q1 results and revenue growth to $152.9M. All three saw improved retail sentiment.

AMD shares rose 6.3% after Nebius, a cloud provider, announced price hikes for chip rentals, including a 25% increase for AMD's EPYC Genoa CPUs. The move signals strong demand for AI computing power. AMD's data center revenue grew 107% YoY to $6.7B in Q2 2026, contributing to total revenue of $11.5B, up 50% YoY.