Advanced Micro Devices (AMD) Up More Than 100% Over the Past 6 Months, Here’s What You Need to Know

Advanced Micro Devices, Inc. (NASDAQ:AMD) has gained roughly 100% over the past 6 months. Analysts expect the company to grow its EPS by more than 60% over the next 5 years, making it one of the Top 10 Unstoppable Growth Stocks to Invest In.

​Wall Street has been bullish on the stock since the earnings release. Recently, on June 5, DBS reiterated a Buy rating on Advanced Micro Devices, Inc. and raised the price target from $260 to $500. On the same day, TD Cowen also reiterated a Buy rating on the stock and maintained the price target of $600.

​During the fiscal Q1 2026, the company reported revenue of $10.25 billion, ahead of the expected $9.92 billion. The EPS of $1.37 also topped expectations of $1.29. The revenue grew 38% year-over-year, driven by the Data Center segment, which improved 57% to reach $5.8 billion. Management noted growth to be driven by strong demand for EPYC processors and the continued ramp of Instinct GPU shipments.

​Moreover, AMD also announced several major developments. For instance, Meta plans to deploy up to 6 gigawatts of AMD Instinct GPUs. AWS, Google Cloud, Microsoft Azure, and Tencent all expanded EPYC-powered cloud instances. AMD is also collaborating with Samsung on HBM4 memory for next-generation Instinct GPUs.

​Advanced Micro Devices, Inc. is a global semiconductor company focused on high-performance computing and artificial intelligence (AI). Its operating segments include Data Center, Client and Gaming, and Embedded.

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