AMD Stock Surges 6.88% Becoming Fourth Most Actively Traded Stock

On June 24, 2025, Advanced Micro Devices Inc. (AMD) saw a significant surge in its stock price, rising by 6.88% and marking its third consecutive day of gains, with a total increase of 9.23% over the past three days. The company's trading volume reached 99.37 billion, making it the fourth most actively traded stock of the day.

Melius Research analyst Ben Reitzes upgraded AMD's stock rating from hold to buy, citing the company's strong potential in the artificial intelligence (AI) sector. This upgrade was accompanied by a substantial increase in the price target, from $110 to $175. The analyst's optimism is driven by AMD's growing AI capabilities and the increasing demand for AI inferencing, which involves running AI models.

CFRA, an investment research firm, also upgraded AMD's share rating to Strong Buy, reflecting a growing consensus among analysts about the company's prospects. The firm's new partnership with HCLTech to develop artificial intelligence solutions further bolstered investor confidence in AMD's future growth.

Analysts expect AMD to benefit from the rising demand for AI chips, as both hyperscaler and sovereign customers show increased interest in the company's offerings. This positive outlook is supported by AMD's recent performance, which has seen its stock price fluctuate significantly, from a low of $78 in April to a high of $211 last year.