Advanced Micro Devices Shares Rise on Analyst Upgrade and Data Center GPU Demand Ahead of Earnings
Advanced Micro Devices (AMD) shares rose 4.30% on April 29, 2026, following an analyst upgrade and increased demand for data center GPUs, ahead of its Q1 earnings report on May 5. The stock's performance was supported by optimism around AI chip demand and cloud infrastructure growth. The S&P 500 declined slightly, while the Nasdaq Composite edged up.
Topics: Advanced Micro Devices (AMD) Analyst Upgrade Data Center GPU Demand Earnings Report Stock Market Movement