AMD Shares Soar 8.81% as Helios System Sparks Investor Optimism

Advanced Micro Devices (AMD) witnessed a significant surge on June 16, jumping 8.81% and reaching its highest intraday price since January 2025. This rally comes as Piper Sandler elevated AMD’s price target from $125 to $140 while maintaining a buy rating. The optimism is driven by the introduction of the new Helios rack system, which is bolstering market sentiment.

Analyst Harsh Kumar from Piper Sandler highlighted that AMD's client business is experiencing "pull-ins." This suggests that demand may improve sooner than anticipated, with the GPU sector showing signs of a potential rebound in the fourth quarter of fiscal 2025. The company has also reported notable double-digit growth in its data center AI operations for Q1 2025, with the Instinct AI accelerators being integrated across more than 35 platforms.

Additionally, Citi's analyst Christopher Danely adjusted AMD’s price target from $100 to $120 on June 9 in light of the anticipated business growth and the release of new products such as MI355X and MI400. The MI355X GPU, based on AMD's CDNA 4 architecture, targets the AI hardware market directly against NVIDIA's B300, marking a boost in AMD's competitive stance in this sector.

Furthermore, AMD's position in the AI GPU market received commercial validation through a new order from Oracle in 2025. This development reflects AMD's growing strategic partnerships in AI infrastructure, contributing positively to the company’s broader growth narrative.

AMD's robust performance is part of a broader trend, with the semiconductor sector rallying on the back of increased investments in AI infrastructure by key tech giants. This renewed investor confidence has led to AMD reporting revenue of $7.66 billion for Q4 of fiscal 2024, marking a 24% year-on-year increase, surpassing expectations.