Superior Micro Units, Inc (AMD) inventory worth is surging forward of the corporate’s quarterly earnings report. AMD inventory closed 1.78% (8.49 factors) larger on Monday, August 3, 2026. The asset climbed a further 2.69% (13.02 factors) larger within the pre-market hours. Let’s talk about if AMD can hit $550 subsequent.
Can AMD Inventory Hit $550 After Quarterly Earnings Report?
Analysts expect excessive income and earnings per share (EPS) in AMD’s report due later at present. The corporate had document income in its final quarter and the sample is predicted to proceed this time round as nicely.
Wall Road analysts have additionally change into more and more bullish on AMD. Jefferies not too long ago raised their goal to $640, whereas Wells Fargo and Barclays predict a worth of $615 and $665, respectively.
AMD’s efficiency during the last yr has been nothing wanting stellar. The corporate is driving the AI wave with its chips, and the upswing is predicted to maintain over the approaching years. AMD is in a singular place, provided that it caters to each CPU (Central Processing Unit) and GPU (Graphics Processing Unit) markets. The approaching of CPU-focussed agentic AI is predicted to enormously profit AMD. Furthermore, the corporate not too long ago revealed a number of recent chips that it claims can outperform trade chief, Nvidia.
Dangers
Whereas the AI growth has led to vital progress for AMD, there are dangers that it’s best to learn about. Traders have change into more and more apprehensive about excessive AI spending. Many imagine that the bills usually are not sustainable.
There are additionally considerations about provide chain points given the continuing struggle between the US and Iran. The struggle may result in larger inflation, which may result in buyers shifting away from tech shares, and selecting secure havens like gold. AMD inventory worth may take successful beneath such circumstances.
