Advanced Micro Devices Shares Rise on Analyst Upgrade and AI GPU Demand Ahead of Earnings
Advanced Micro Devices (AMD) shares rose 4.08% on April 29, 2026, following analyst upgrades and increased demand for data center GPUs driven by AI workloads. The stock's performance was notable ahead of its Q1 earnings report on May 5. The broader market saw mixed performance, with the S&P 500 slightly down and the Nasdaq Composite slightly up.
Topics: AI chip demand analyst upgrades earnings report semiconductor industry stock performance