AMD Shares Rise as Susquehanna Lifts Price Target to $620

Advanced Micro Devices shares gained 1.3% in morning trading following an upward price target revision and positive industry read-throughs. Susquehanna raised its target on AMD to $620 from $550 while maintaining a Positive rating, pointing to upside from the previous $534.74 close ahead of third-quarter earnings on November 3. The move comes as AMD rebounds from a recent 13% decline spurred by AI spending concerns. The stock also gained support from Wedbush reiterating an Outperform rating with a $600 target and peer Super Micro Computer raising quarterly revenue guidance to $18.5 billion to $19.5 billion.