🟢 Advanced Micro Devices Inc. is trading 3.1% up today, boosted by positive analyst action and strong Oracle results

Advanced Micro Devices Inc is trading 3.1% higher at $466.38, recovering from a recent pullback. The gains are supported by specific positive catalysts in the sector and for the company directly.

• Bank of America reiterated a 'Buy' rating on AMD and increased its price target to $560 from $500, citing strong demand expectations for CPUs and GPUs.
• The broader AI and chip sector is rallying after Oracle reported strong quarterly earnings and announced significant future spending on data centers, which directly benefits chip suppliers like AMD.
• This follows a sharp sell-off in the sector earlier in the week, with AMD declining on June 10, 2026.