AMD Trading Volume Drops 22.81% to Eighth Place Despite Bullish AI Outlook

Generated by AI AgentAinvest Volume Radar
Monday, Jun 23, 2025 8:00 pm ET1min read

On June 23, 2025,

(AMD) saw a significant drop in trading volume, with a total of 79.54 billion shares traded, marking a 22.81% decrease from the previous day. This decline placed AMD's trading volume at the eighth position among all stocks traded that day.

Melius Research has upgraded Advanced Micro Devices (AMD) from a Hold to a Buy rating, significantly increasing its price target from $110 to $175. This upgrade is driven by the firm's optimism regarding AMD's advancements in artificial intelligence (AI) and its potential to capture a larger share of the AI chip market.

Analysts at Melius Research have highlighted AMD's improved outlook in the AI sector, noting that the company's efforts in this area have gained significant traction. The firm's integration of Untether AI's engineers further positions

favorably in the competitive AI hardware market.

The positive sentiment surrounding AMD's AI initiatives has also been reflected in the options market, with increasing gamma exposure around key upside strikes like $130 and $150. This suggests that market makers may be compelled to chase the stock if it continues to climb, further supporting the bullish outlook for AMD.

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