AMD Surges 17% Intraday on Bernstein $525 PT After 18% Premarket Rally

Advanced Micro Devices (AMD.OQ) jumped roughly 17% intraday on Wednesday after Bernstein upgraded the stock and raised its price target to $525 citing AI-driven growth. The move extended an 18.45% premarket surge to 420.80, following Tuesday's Q1 earnings beat where shares closed at 355.26 (+4.02%) and rose to 374.24 (+5.34%) post-market. U.S.-Iran ceasefire confirmation boosted tech sentiment, with peers Super Micro Computer (+17.10% premarket) and Intel (+6.92% to 115.63 premarket) also advancing on AI demand.