NEW YORK, June 28, 2026, 17:05 (EDT)
- Advanced Micro Devices, Inc. NASDAQ:AMD finished the day down 2.06% at $521.58 on Friday. Trading volume was roughly 39% higher than the 65-day average, according to .
- The stock finished down 5.4% from Monday’s close, sitting 7.4% lower than Monday’s intraday 52-week high before the July 3 market holiday.
- Investors are watching AMD’s price targets. The average target sits at $502.92, under the current share price, with the top estimate at $670.
Advanced Micro Devices, Inc. NASDAQ:AMD kicks off a short U.S. trading week still sitting above the average Wall Street price target. That’s even after a sharp fall on Friday that came with big volume.
Trading was closed Sunday in New York. Nasdaq says regular stock hours run 9:30 a.m. to 4 p.m. ET on weekdays. Markets are set to be closed on July 3 for the Independence Day holiday.
AMD finished Friday at $521.58, a drop of 2.06%. Shares traded at 52.7 million, well over the 65-day average of 37.8 million. The chipmaker’s 52-week high stands at $562.99 from June 22.
| AMD last-week tape | Reading | What changed |
|---|---|---|
| Friday close | $521.58 | Down 2.9% from June 18 finish |
| Monday close | $551.63 | Friday closed 5.4% lower than Monday |
| Monday intraday high | $562.99 | Friday finished 7.4% below Monday’s session high |
| Friday volume | 52.7 mln shares | Ran about 39% above 65-day average |
| Average analyst target | $502.92 | 3.6% under Friday’s close |
| High analyst target | $670.00 | 28.5% higher than Friday close |
It wasn’t a steady decline this week. AMD jumped Monday, slid sharply Tuesday, barely moved Wednesday, rebounded Thursday, then slipped 2.06% Friday. That looks more like a reset than a rout. Still, the target gap is in focus since it narrows the margin for error if AI spending worries continue to weigh on chip stocks.
Semiconductor names traded lower Friday. Nvidia NASDAQ:NVDA shed 1.96%, Intel NASDAQ:INTC dropped 3.67%, the VanEck Semiconductor ETF (NASDAQ:SMH) was down 4.32%, and iShares Semiconductor ETF NASDAQ:SOXX gave up 5.74%. Tech was stronger overall. Invesco QQQ Trust NASDAQ:QQQ dipped 1.35%. SPDR S&P 500 ETF Trust (NYSEARCA:SPY) fell 0.50%.
| Friday move | Close | Day move |
|---|---|---|
| AMD NASDAQ:AMD | $521.58 | -2.06% |
| Nvidia NASDAQ:NVDA | $192.53 | -1.96% |
| Intel NASDAQ:INTC | $128.32 | -3.67% |
| SMH (NASDAQ:SMH) | $611.61 | -4.32% |
| SOXX NASDAQ:SOXX | $589.94 | -5.74% |
| QQQ NASDAQ:QQQ | $706.52 | -1.35% |
| SPY (NYSEARCA:SPY) | $728.99 | -0.50% |
The PHLX chip index slid 5.3% on Friday and ended the week down 7.9%, according to Reuters. David Stubbs at AlphaCore Wealth Advisory said there are still questions on “profitability and the capex story.” Art Hogan from B. Riley Wealth said memory prices are putting “renewed inflationary pressure” on the market. Reuters
Earlier this week, Bill Northey at U.S. Bank said AI is “a very sentiment-driven sector,” but pointed to data center buildout as an area with solid fundamentals. Reuters
UBS isn’t backing off its bullish view on AMD just yet. Analyst Timothy Arcuri on June 24 upped his price target to $670 from $455 and kept a Buy. UBS now sees AMD CPU server revenue at $16 billion in 2026, $23 billion in 2027 and $29 billion by 2028. The firm expects $50 billion in 2030.
AMD’s first-quarter results put the stock’s action into focus. The chipmaker posted $10.3 billion in revenue for the quarter, up 38% from the same period a year ago. Data Center sales jumped 57% to $5.8 billion. CEO Lisa Su called Data Center the “primary driver” of revenue and earnings right now. Advanced Micro Devices, Inc.
Analysts have lifted their numbers. WSJ/FactSet puts AMD’s 2026 EPS at $7.47, up from $6.77 ninety days ago. The 2027 forecast is now $13.31, up from $10.95. But the stock’s rise has outpaced the typical target.
This week traders get a key payrolls report before markets shut for the holiday. Reuters said June jobs numbers hit Thursday, with U.S. financial markets closed on Friday. Doug Huber, deputy chief investment officer at Wealth Enhancement, told Reuters a strong jobs report may signal “the economy’s hot.” Brad Conger, chief investment officer at Hirtle & Co, called the Fed “very finely balanced.” Reuters
WSJ/FactSet has AMD set to report its next quarter on Aug. 4. Right now, analysts see Q2 EPS at $1.60 and Q3 at $1.84.
