Why Is ADVANCED MICRO DEVIC (AMD) Stock Moving Today?

Why AMD stock is moving today

Advanced Micro Devices (AMD) is moving sharply higher in after-hours trading, with the stock surging nearly 13% from its previous close. The move follows a landmark AI power agreement with Core Scientific, which secured up to 2.5 gigawatts of U.S. data center capacity for AMD. This deal is seen as a major catalyst for the company's AI growth narrative and has reignited investor interest in the stock.

What Happened

AMD shares opened with a 2.4% gap up at $439.77 and quickly climbed to a session high of $499.90. The stock is currently trading at $498.44, with volume reaching 26.3 million shares, which is 70% of the 3-month average. The move comes after Susquehanna raised its price target on AMD stock to $500, reinforcing a bullish stance ahead of the company’s Q2 earnings report on August 4. Additionally, Bernstein valued AMD’s partnership with Core Scientific at $14 billion over 15 years, suggesting the deal could significantly enhance AMD’s AI infrastructure capabilities.

What The Data Shows

The stock has been volatile in recent months, with a 52-week range of $149.22 to $584.73. Over the past eight sessions, AMD fell 16% to $429.56 before today’s rebound. The company’s fundamentals remain strong, with a trailing 12-month revenue increase of 35% and a net margin of 13.4%. However, the stock’s beta of 2.47 indicates it is highly sensitive to market swings. Recent insider activity includes eight sell transactions totaling $147.1 million in the last 90 days. Meanwhile, unusual options activity has seen a total of $324.1 million in premiums, with put options outpacing calls.

What To Watch

AMD is scheduled to report Q2 earnings on August 4, which will be a key event for the stock. Analysts and investors will be closely watching for signs of continued momentum in AI and server CPU demand. Coverage breadth is also worth monitoring, as the stock has drawn 49 stories from 14 sources in the last 36 hours.