AMD Surges to Fifth in Trading Volume as Analysts Boost Targets on AI Momentum

On July 30, 2025, Advanced Micro Devices (AMD) traded with a volume of $11.58 billion, a 40.11% decline from the previous day, ranking fifth in market activity. The stock closed up 1.17%, reflecting renewed investor interest amid strategic developments and analyst optimism.

Morgan Stanley raised its price target for AMD to $185 from $121, citing the reinstatement of the MI308 AI accelerator for the Chinese market and improved PC demand post-Intel’s earnings. The firm also adjusted its 2026 P/E multiple to 33x, aligning AMD’s valuation with peers in the AI semiconductor sector. Analysts highlighted AMD’s potential to generate $6 billion in AI revenue, despite its “somewhat secondary position” in the AI race.

Additional analyst activity reinforced AMD’s favorable outlook. BofA Securities set a $200 target, factoring in China AI shipments resuming in 2025-2026. Erste Group upgraded to Buy, emphasizing data center growth driven by high-performance CPUs and GPUs. Citi and Mizuho also raised targets to $165 and $175, respectively, citing easing U.S.-China trade tensions and improved market sentiment.

AMD’s strategic collaborations, including a partnership with Aligned and USC’s Information Sciences Institute to train the MEGALODON AI model on MI300 GPUs, underscored its push into large-scale AI applications. The company also announced a $25,000 price increase for MI350 accelerators, reflecting strong demand amid competition for AI hardware dominance.

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