AMD extends AI-chip rally, shares trade near recent highs on NASDAQ

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-28, 09:38.

Advanced Micro Devices (US0079031078) remains a key AI-chip name on NASDAQ. UBS lifted its AMD price target to 670 dollars on June 25 while reiterating a Buy rating, underlining confidence in the long-term demand for data center accelerators.Marketscreener summary of UBS target increase

UBS lifts AMD target again

UBS raised its AMD price target from 525 to 670 dollars on June 25 2026 and kept its Buy recommendation, citing the company’s positioning in AI accelerators and server processors.UBS update via Marketscreener The bank’s call comes as AMD shares trade in the S&P 500 and NASDAQ-100, reinforcing its status as a large-cap US semiconductor play.Finanznachrichten index and sector overview

On June 26 2026, AMD shares closed at 521.58 dollars on NASDAQ, down 2.06 percent with volume above 52 million shares, after a strong run over previous sessions.Nasdaq trading data The move reflected profit taking across the AI-chip segment, where several peers saw declines as valuation concerns surfaced.MarketBeat sector commentary

Long-term AI and data center story

AMD is part of the S&P 500 and NASDAQ-100, and the stock’s recent performance has been driven mainly by expectations around AI workloads in cloud data centers.Yahoo Finance newsletter-based analysis Newsletter analysis highlighted that AMD shares gained more than 260 percent over the past year and over 130 percent year-to-date, reflecting strong investor conviction in its AI hardware roadmap.Performance metrics according to Yahoo Finance

Commentary from MarketBeat notes that AMD shares have been pulling back after a strong rally, as traders lock in gains and reassess valuations in the broader AI-chip group.MarketBeat view on recent pullback Despite short-term volatility, the tone of recent coverage remains supportive of AMD’s long-term story centered on accelerators and high-performance CPUs for cloud providers.MarketBeat sector context

The product behind the stock

AMD generates much of its revenue from high-performance processors and accelerators, including its Instinct AI accelerator series and EPYC server CPUs, which target cloud and enterprise data centers.AMD EPYC product information The company also supplies Ryzen processors and Radeon graphics chips for PCs and gaming consoles, providing a diversified income base across client and gaming markets.AMD Ryzen product overview

Where the AMD shares trade today

Advanced Micro Devices shares (US0079031078) last traded on 2026-06-26 at 521.58 dollars on NASDAQ, based on official Nasdaq-referenced data.Nasdaq closing price via Marketscreener

This article is for informational purposes only and does not contain investment advice, buy or sell recommendations, or individualized financial guidance. All data are based on sources cited and believed to be reliable at the time of review, but may change without notice.