AMD clears fresh UBS target high, shares trade lower after AI chip pullback

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 15:43.

Advanced Micro Devices Inc. (US0079031078) faces a mixed picture on NASDAQ today. UBS has lifted its price target on AMD to a Street-high 670 dollars with a reiterated Buy rating, while the shares trade lower alongside other AI chip names, according to MarketScreener and MarketBeat.MarketScreener coverage of the UBS target increaseMarketBeat news on recent AMD moves

What UBS is signaling

UBS now sets its AMD 12-month price target at 670 dollars and keeps the shares rated Buy, a level reported as the highest among major houses following this week’s update.UBS target summary on Marketscreener The bank’s stance reflects confidence in AMD’s AI infrastructure positioning and data center CPU roadmap, which have been highlighted as core drivers for earnings through 2026.

MarketBeat notes that AMD reported first-quarter 2026 earnings per share of 1.37 dollars on May 5, beating the consensus estimate of 1.29 dollars by eight cents, underpinning the constructive analyst narrative on the stock.MarketBeat earnings summary for AMD AMD is a constituent of the NASDAQ-100 and S&P 500, which keeps the name central in US large-cap technology and AI baskets.

Friday sector backdrop for AMD

Despite the bullish UBS view, AMD shares are described as pulling back today as part of a wider AI semiconductor selloff, with MarketBeat citing pressure across AI chip stocks that offsets company-specific positives. A fair-value indication on MarketBeat shows AMD around 510.45 dollars in early US trade, down more than 4 percent versus the prior reference, underscoring the sector-wide risk-off move.MarketBeat commentary on AMD’s intraday move

FinancialData quotes AMD at 508.10 dollars at 08:12 Eastern on June 26, with a one-day decline of roughly 4.6 percent and a market capitalization near 646 billion dollars, placing AMD among the largest global semiconductor names by equity value.FinancialData live quote for AMD As a peer, Micron’s strong quarterly numbers reported this week have given AI optimists fresh support, but intra-sector rotation leaves AMD reacting more to the broader basket than to its own earnings beat.

The product behind the stock

AMD’s core revenue engine is its portfolio of high-performance processors, spanning EPYC server CPUs for data centers, Ryzen CPUs for PCs, and Radeon GPUs for gaming and professional graphics. In AI infrastructure, EPYC CPUs are positioned as alternatives to Intel’s Xeon line, forming the compute backbone in enterprise server designs and supporting accelerators in heterogeneous architectures.

Where the stock trades today

The Advanced Micro Devices Inc. shares (US0079031078) trade on NASDAQ at 508.10 dollars as of 2026-06-26, 08:12 Eastern, based on FinancialData’s latest quote.FinancialData AMD quote snapshot

This article is for informational purposes only and does not contain investment advice, personal recommendations or an offer to buy or sell securities. Data and prices are based on sources cited and may change during the trading day.