AMD Shares Rise 14% After Intel Q1 Earnings

Shares of Advanced Micro Devices surged nearly 14 percent on Friday, closing around $350 after rival Intel reported first-quarter 2026 earnings that exceeded Wall Street expectations, particularly in data center central processing units.

The gains marked a new 52-week high for AMD at $352.99 intraday, with trading volume reaching 53 million shares, well above the three-month average of 32.5 million. Year to date, AMD shares have climbed 64 percent, and over the past 12 months, they have risen 216 percent. Intel's results, released after markets closed Thursday, showed strong revenue and profit, driven by double-digit server CPU unit growth extending into 2027. Analysts attributed the performance to rising demand for CPUs amid a shift in artificial intelligence workloads from training large language models to "agentic" inference tasks, where models execute real-world functions.

D.A. Davidson analyst Gil Luria upgraded AMD to Buy from Neutral and raised his price target to $375 from $220. "We view Intel's results as a precursor for a huge step-up for AMD's CPU franchise," Luria wrote, noting the structural shift toward agentic AI could allow AMD to raise prices and expand margins...