New York, January 27, 2026, 10:30 EST — Regular session
Advanced Micro Devices Inc shares climbed roughly 1% Tuesday morning, following the lead of other chipmakers. AMD traded at $253.92, up 1.0%, with Nvidia and Intel also advancing—Nvidia by 1.3% and Intel by 3.3%.
Investors are snapping up shares amid fresh analyst updates and ahead of a week that might shake up rate forecasts and tech valuations. AMD has already climbed in the lead-up, pushing expectations for its guidance higher.
Piper Sandler bumped its price target to $300 from $280 while maintaining an Overweight rating, signaling confidence in the stock’s potential to outperform. The firm anticipates roughly $200 million in revenue upside for the December quarter and at least $0.02 per share in earnings beats versus consensus. It did caution, however, about a smaller chance for upside in the March quarter, citing seasonal fluctuations in client, gaming, and enterprise EPYC server-chip demand.
Piper Sandler analyst Harsh Kumar expressed strong confidence ahead of the upcoming guidance. “We remain very enthusiastic about AMD’s prospects going into 2026 and into the March quarter guidance,” Kumar wrote. Barron’s reported the stock has climbed 18% this month. Barron’s
AMD dropped 3.2% on Monday, ending a nine-day winning streak, despite broader U.S. indices climbing. After Tuesday’s dip, the stock remains near recent highs, meaning even minor shifts in sentiment could trigger significant declines.
AMD has doubled down on data-center chips and AI workloads, pushing server processors and accelerators to cloud and enterprise clients. Investors are waiting for evidence that these customer wins will scale without steep pricing compromises.
Still, the setup works both ways. Even a slight sign of cooling demand or tightening margins can knock a stock that’s already priced for strong growth.
The macro calendar remains quiet ahead of the Federal Reserve’s two-day meeting conclusion on Wednesday. The policy statement is scheduled for release at 2 p.m. EST, followed by Chair Jerome Powell’s news conference at 2:30 p.m.
AMD is set to release its fiscal fourth-quarter and full-year earnings after markets close on Feb. 3. Management will follow with a conference call at 5 p.m. EST. Investors are keen to hear the March-quarter outlook and any updates on the speed of the company’s AI hardware expansion.
