Advanced Micro Devices (AMD) shares rose 7.8% on Tuesday to close at $503.89. The stock reached a new 52-week high of $506.96 during the trading session. A broader semiconductor industry rally fueled the gains as investor interest in artificial intelligence infrastructure intensified. A significant price target upgrade for Micron Technology contributed to the sector-wide momentum.
AMD is currently ramping up its next-generation 2nm EPYC Venice server processors. CEO Lisa Su noted accelerating demand for AI infrastructure in recent commentary. Investors view AMD’s dual strength in CPUs and GPUs as a major advantage in a market expanding beyond Nvidia.