AMD surged 8.1% on May 20, closing at $447.58 , driven by a wave of positive catalysts. Q1 2026 earnings blew past expectations, with the stock jumping 21% in a single session after results dropped — AMD also guided Q2 revenue to $11.2 billion, a 46% year-over-year increase. Analyst upgrades followed quickly: Evercore ISI lifted their price target to $579, while Melius Research raised theirs to $540. AMD hit an all-time high of $469.22 on May 11 , and with a market cap now sitting at ~$730 billion , the AI infrastructure boom is clearly doing heavy lifting for the stock.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
