AMD Stock Surges as Steam Hardware Survey Shows Strong Gains

AMD stock rallied 2.57% on Monday after reaching a milestone in the July 2025 Steam Hardware Survey, with AMD processors making up 41.26% of users, compared to Intel's 58.74%. The company is set to report Q2 2025 earnings results tomorrow, expected to beat Wall Street estimates. Analysts' consensus rating is Moderate Buy with an average price target of $156.47, representing a 11.17% downside.

Advanced Micro Devices (AMD) stock surged 2.57% on Monday, July 1, 2025, following a significant milestone in the July 2025 Steam Hardware Survey. According to the survey, AMD processors now make up 41.26% of users, compared to Intel's 58.74%. This represents a notable gain from the June 2025 survey, where AMD held 39.65% of the market, and a substantial increase from 2020, when AMD accounted for 23.73% of the market [1].

The stock's rally was also fueled by anticipation of AMD's Q2 2025 earnings report, scheduled for Tuesday, July 2, 2025. Analysts expect the company to beat Wall Street's estimates, with a consensus rating of Moderate Buy and an average price target of $156.47, representing a potential 11.17% downside [2].

Analysts have cited AMD's strong gains in market share and its ability to navigate regulatory challenges as key drivers of the stock's recent performance. The company has been gaining market share in the EPYC data center CPUs and AI chip markets, competing directly with NVIDIA [3].

The Steam Hardware Survey milestone and upcoming earnings report are likely to be positive catalysts for AMD stock. However, investors should remain cautious, as the company is expected to report a decline in profits due to export restrictions. Despite this, analysts remain optimistic about AMD's long-term prospects, with several firms raising their price targets in recent weeks [4].

In summary, AMD stock's rally on Monday was driven by a combination of factors, including its strong performance in the Steam Hardware Survey, anticipation of positive earnings results, and analysts' optimism about the company's long-term prospects. Investors should closely watch AMD's earnings report for further insights into the company's performance and potential impact on the stock price.

References:
[1] https://www.tipranks.com/news/amd-stock-gains-on-steam-hardware-survey-milestone
[2] https://moneycheck.com/advanced-micro-devices-amd-stock-wall-street-bets-big-on-export-ban-comeback-story/
[3] https://www.investopedia.com/what-analysts-think-of-amd-stock-ahead-of-earnings-q2-fy2025-11783465
[4] https://ca.finance.yahoo.com/news/bofa-raises-amd-price-target-143715127.html