BUZZ-AMD shares rise on plans to increase chip supply
路透社2026/10/06 11:11October 6 — U.S. chipmaker Advanced Micro Devices (AMD.O) saw its shares rise 1.5% in pre-market trading, reaching $641.10. CEO Lisa Su stated that as AMD races to meet surging demand in the artificial intelligence sector, the company plans to significantly boost chip supply by 2027 (link). Su also noted that AMD is working closely with memory chip manufacturers to ensure sufficient supply; her remarks come ahead of her scheduled visit to South Korea later on Tuesday. At least two brokerage firms, including Citigroup, have raised their price targets for the stock, according to data compiled by LSEG. Out of 56 brokerages, 47 rate AMD as a “buy” or higher, and 9 rate it as “hold”; the median price target is $616, per LSEG data. As of yesterday’s close, the stock has gained over 100% year-to-date. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of these texts and provides them solely for readers’ convenience. Reuters accepts no liability for any damages or losses arising from the use of automated translations.)
October 6 - ** Shares of US chipmaker Advanced Micro Devices (AMD.O) rose 1.5% to $641.10 in premarket trading
** CEO Lisa Su stated that as AMD races to meet the surging demand in the field of artificial intelligence, the company plans (link) to significantly increase chip supply in 2027
** Lisa Su said that AMD is also working closely with memory chip manufacturers to ensure sufficient supply. This statement was made ahead of her visit to South Korea later on Tuesday
** At least two brokers, including Citigroup, have raised their target price for the stock—according to data compiled by LSEG
** Out of 56 brokers, 47 rate the stock as "buy" or higher, while 9 rate it as "hold"; the median target price is $616—according to data compiled by LSEG
** As of yesterday's close, the stock has risen more than 100% so far this year
(To aid non-English speakers, Reuters automatically translates its reports into several other languages. As automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the translated text. Automated translations are provided for reader convenience only. Reuters is not responsible for any harm or loss arising from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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