SWX:NOVN.S 24 January 2026

June 28, 2026, 6:22 PM EDT. Advanced Micro Devices (AMD) shares fell 2.06% to $521.58 on June 26, with trading volume 39% above the 65-day average, reflecting a broader chip sector selloff. AMD's stock is down 5.4% since Monday and trades 7.4% below its 52-week high. The average analyst price target is $502.92, below current levels, while the top estimate stands at $670. Semiconductor peers Nvidia and Intel also declined sharply, pushing the PHLX chip index down 5.3% for the day and 7.9% for the week. UBS analyst Timothy Arcuri maintains a bullish outlook, increasing AMD's target to $670 based on projected CPU server revenue growth through 2030, despite ongoing concerns over AI spending and market inflation pressures in memory prices.