AMD stock surged 13% to a record high, driven by Intel’s strong earnings and a bullish upgrade from Barron’s. AMD shares soared more than 12% on April 24, 2026, hitting $346 after closing at $305.33 the previous day.
Intel’s latest earnings report showed big demand for CPUs as companies build out AI capabilities. The report revealed a non-GAAP EPS of $0.29 on revenue of $13.58 billion. Following this news, Intel’s stock rose by 23.38%.
D.A. Davidson analyst Gil Luria upgraded AMD to buy from neutral. He raised AMD’s price target to $375, implying a 22% upside from Thursday’s close. Luria noted, “The CPU is reinserting itself as an indispensable foundation of the AI era.” This statement highlights the growing importance of CPUs in the evolving tech landscape.
AMD’s data center segment also showed impressive growth, increasing 39% year over year to $5.38 billion. Lisa Su, CEO of AMD, stated, “AMD is entering 2026 with strong momentum across our business.” This momentum reflects the company’s robust performance amid a competitive semiconductor sector.
The positive reaction in the market underscores the significance of these developments for AMD stock and its position in the CPU market. The big winner of Intel earnings, according to Barron’s, indicates an optimistic outlook for AMD as well.
Yet, uncertainties remain about how sustainable this growth will be in the long term. Analysts will continue to monitor AMD’s performance closely in light of ongoing developments in the semiconductor industry.
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