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AMD Surges After Google Cloud AI Win and Analyst Upgrade

Investivoq PriceTracker

Advanced Micro Devices (AMD) is up 11.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The rally appears tied to a fresh AI infrastructure announcement with Google Cloud, a bullish analyst upgrade, and lingering momentum from AMD’s strong third-quarter results last week. Together, those developments reinforced the view that AMD’s data-center and AI businesses are still gaining traction. ([ir.amd.com](https://ir.amd.com/news-events/press-releases/detail/1304/amd-epyc-expands-its-leadership-at-the-foundation-of-ai?utm_source=openai))

Details:

  • AMD said on November 9 that its 5th Gen EPYC processors are powering the host infrastructure for Google Cloud TPU 8tx, extending its role inside large-scale AI systems. ([ir.amd.com](https://ir.amd.com/news-events/press-releases/detail/1304/amd-epyc-expands-its-leadership-at-the-foundation-of-ai?utm_source=openai))
  • Investor attention was also boosted by an analyst upgrade to Outperform with a $600 price target, which added to the day’s bullish tone. ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/amd-soars-12-undeniable-data-160850436.html?utm_source=openai))
  • AMD’s third-quarter results, released November 3, showed record revenue of $13.4 billion, up 45% year over year, with Data Center segment revenue up 97%. ([sec.gov](https://www.sec.gov/Archives/edgar/data/2488/000000248826000188/q32026991.htm?utm_source=openai))
  • Management also said demand for Instinct GPUs and EPYC CPUs continued to strengthen and projected faster growth in the fourth quarter as Helios and Venice production scales. ([sec.gov](https://www.sec.gov/Archives/edgar/data/2488/000000248826000188/q32026991.htm?utm_source=openai))

    • Sources:

    AMD, SEC, Yahoo Finance, Google Cloud ([ir.amd.com](https://ir.amd.com/news-events/press-releases/detail/1304/amd-epyc-expands-its-leadership-at-the-foundation-of-ai?utm_source=openai))

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AMD Insider Trading Activity

    AMD Insider Trades

    $AMD insiders have traded $AMD stock on the open market 147 times in the past 6 months. Of those trades, 0 have been purchases and 147 have been sales.

    Here’s a breakdown of recent trading of $AMD stock by insiders over the last 6 months:

    • LISA T SU (Chair, President & CEO) has made 0 purchases and 84 sales selling 360,000 shares for an estimated $168,633,807.
    • FORREST EUGENE NORROD (EVP & GM DSG) has made 0 purchases and 40 sales selling 71,271 shares for an estimated $34,362,683.
    • MARK D PAPERMASTER (Chief Technology Officer & EVP) has made 0 purchases and 10 sales selling 40,811 shares for an estimated $20,151,627.
    • PAUL DARREN GRASBY (EVP & CSO) sold 15,000 shares for an estimated $7,723,649
    • JEAN X. HU (EVP, CFO and Treasurer) has made 0 purchases and 8 sales selling 15,000 shares for an estimated $7,111,160.
    • NORA DENZEL has made 0 purchases and 2 sales selling 10,447 shares for an estimated $5,453,334.
    • AVA HAHN (SVP, GC & Corporate Secretary) has made 0 purchases and 2 sales selling 3,136 shares for an estimated $1,530,538.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $AMD Hedge Fund Activity

    We have seen 2,053 institutional investors add shares of $AMD stock to their portfolio, and 1,784 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 40,309,233 shares (+inf%) to their portfolio in Q2 2026, for an estimated $23,416,036,542
    • INVESCO LTD. added 36,946,499 shares (+227.7%) to their portfolio in Q2 2026, for an estimated $21,462,590,734
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 12,016,903 shares (+inf%) to their portfolio in Q2 2026, for an estimated $6,980,739,121
    • FMR LLC added 10,269,781 shares (+67.2%) to their portfolio in Q2 2026, for an estimated $5,965,818,480
    • PRICE T ROWE ASSOCIATES INC /MD/ added 7,091,788 shares (+24.6%) to their portfolio in Q2 2026, for an estimated $4,119,690,567
    • FRANKLIN RESOURCES INC added 4,782,691 shares (+111.0%) to their portfolio in Q2 2026, for an estimated $2,778,313,028
    • BLACKROCK, INC. added 4,727,226 shares (+3.2%) to their portfolio in Q2 2026, for an estimated $2,746,092,855

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $AMD Congressional Stock Trading

    Members of Congress have traded $AMD stock 7 times in the past 6 months. Of those trades, 5 have been purchases and 2 have been sales.

    Here’s a breakdown of recent trading of $AMD stock by members of Congress over the last 6 months:

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 5 times. They made 4 purchases worth up to $60,000 on 07/17, 06/05, 05/15, 05/14 and 1 sale worth up to $15,000 on 08/18.
    • REPRESENTATIVE RICK W. ALLEN purchased up to $15,000 on 07/14.
    • REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 07/10.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $AMD Price Targets

    Multiple analysts have issued price targets for $AMD recently. We have seen 10 analysts offer price targets for $AMD in the last 6 months, with a median target of $615.0.

    Here are some recent targets:

    • James Schneider from Goldman Sachs set a target price of $640.0 on 07/06/2026
    • Aaron Rakers from Wells Fargo set a target price of $615.0 on 06/30/2026
    • C.J. Muse from Cantor Fitzgerald set a target price of $700.0 on 06/29/2026
    • Timothy Arcuri from UBS set a target price of $670.0 on 06/24/2026
    • Atif Malik from Citigroup set a target price of $575.0 on 06/12/2026
    • Vivek Arya from B of A Securities set a target price of $560.0 on 06/11/2026
    • Vijay Rakesh from Mizuho set a target price of $615.0 on 06/01/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.