AMD Stock Hits All-Time High, Citi Raises Target to $575

Advanced Micro Devices (AMD) stock price surged to a new all-time high of $547.26. The stock saw a near 7% increase today.

Citi’s Atif Malik increased AMD’s target price from $460 to $575 on June 15, 2026, with a “buy” position. Earlier this month, Bank of America’s Vivek Arya also revised his outlook on the stock, raising his target from $500 to $560. Let’s discuss why AMD is surging today and if the rally will sustain.

Source: Yahoo Finance What’s Pushing AMD’s Stock Price? Source – Wallpapers.com AMD’s latest upswing comes right after the company acquired Mext.

Mext is an innovator in the AI-driven memory optimization technology space. According to the official announcement, “MEXT has developed innovative AI-powered predictive memory technology designed to make flash behave more like DRAM.” The technology could further propel AMD’s AI ventures.

AMD’s stock price surge also follows on the heels of the company revealing its Ryzen AI Halo platform. AMD’s rise is in tandem with the larger AI boom. AI-based stocks have been dominating the markets over the last year years.

2026, in particular, has seen a massive surge in inflows. Nvidia (NVDA), Micron (MU), etc., have hit new peaks amid an industry-wide rally.

Also Read: Micron Stock Hits All-Time High With 10% Rally: Is It Overbought? AMD is one of the few chip manufacturers in the CPU (Central Processing Unit) and GPU (Graphics Processing Unit) markets. Intel CEO Lip-Bu Tan recently stated that CPUs will become increasingly important in the AI domain.

Given AMD’s edge in both markets, the company could see massive upside in the future. AMD’s recent stock price surge could also stem from the peace deal between the US and Iran. Oil prices have already begun sliding and supply chain risks may go down.

The move may have led to a boost in investor sentiment, leading to increased inflows.