AMD stock price rises as Intel stumbles — what traders watch before Monday

KeyBanc maintained its Overweight rating on Advanced Micro Devices, signaling expectations the stock will outperform, and held firm on a $270 price target ahead of the chipmaker’s Feb. 3 earnings. The firm noted hyperscalers—the massive cloud providers—are already securing capacity through 2026, leaving AMD nearly sold out of server CPUs well into that year. This tight demand could drive 10%-15% price hikes. KeyBanc also forecasted 2026 AI GPU revenue between $14 billion and $15 billion. AMD shares rose 1.6% to $253.73 in after-hours trading, notching roughly a 90% gain over the past year.