--- title: "AMD Stock Is Gaining Friday: What's Going On?" type: "News" locale: "en" url: "https://longbridge.com/en/news/294518538.md" description: "AMD stock rose nearly 4% in Friday's premarket trading ahead of its Q2 earnings report on August 4. Wall Street expects earnings of $1.55 per share and revenue of $11.28 billion, driven by strong semiconductor sector momentum following Microsoft and Lam Research results. Analysts maintain a 'Buy' consensus with an average price target of $581.86, citing AI-driven growth despite high valuation metrics." datetime: "2026-07-31T12:58:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294518538.md) - [en](https://longbridge.com/en/news/294518538.md) - [zh-HK](https://longbridge.com/zh-HK/news/294518538.md) --- # AMD Stock Is Gaining Friday: What's Going On? **Advanced Micro Devices Inc.** (NASDAQ:AMD) stock rose nearly 4% in Friday’s premarket session as investors returned to semiconductor stocks ahead of next week’s earnings. Nasdaq futures gained 0.82%, while S&P 500 futures rose 0.17%. According to CNBC, chip stocks rallied Thursday after strong quarterly results from **Microsoft Corporation** (NASDAQ:MSFT) and **Lam Research Corporation** (NASDAQ:LRCX) sparked broad buying across the sector, lifting several beaten-down semiconductor names. **Read Also: Lam Research Stock Rises on Q4 Earnings Beat, Strong Outlook** ## Earnings In Focus Advanced Micro Devices is scheduled to report second-quarter results on Aug. 4. With earnings just days away, traders are positioning for what could be a volatile move following the report. Wall Street expects earnings of $1.55 per share, up from 48 cents a year earlier, on revenue of $11.28 billion, compared with $7.68 billion last year. ## Technical Analysis AMD remains in a strong long-term uptrend, with the stock up 175.3% over the past 12 months. The shares trade 26.3% above their 100-day simple moving average of $397.37 and 61.7% above their 200-day simple moving average of $310.52, signaling a positive long-term trend. However, the stock is consolidating in the short term. It sits 2.9% below its 20-day simple moving average of $517.14 and 1.8% below its 50-day simple moving average of $510.97. The relative strength index stands at 46.72, indicating neutral momentum with room for the stock to move in either direction. Key technical levels include resistance at $546.50 and support at $498.00. ## Analyst Outlook AMD trades at a price-to-earnings ratio of 161.8, reflecting high expectations for future growth. The stock carries a Buy consensus rating with an average analyst price forecast of $581.86. Recent analyst actions include: - **Susquehanna** maintained a Positive rating and raised its price forecast to $500 on July 30. - **Mizuho** reiterated Outperform and increased its price forecast to $625 on July 27. - **Wedbush** maintained Outperform and lifted its price forecast to $600 on July 27. ## Benzinga Edge Rankings Benzinga Edge scores AMD highly for Momentum (98.02), Growth (97.04) and Quality (92.94), while assigning a low Value score of 3.71 because of its premium valuation. That combination suggests investors continue to reward AMD’s AI-driven growth story. However, the elevated valuation could leave little room for disappointment when earnings are released. ## ETF Exposure AMD is a major holding in several semiconductor-focused exchange-traded funds, including **the iShares Semiconductor ETF** (NASDAQ:SOXX) with an 8.47% weighting, **the ARK Next Generation Internet ETF** (NYSE:ARKW) at 8.31%, and **the Pacer Data and Digital Revolution ETF** (NYSE:TRFK) at 8.22%. ## Price Action **AMD Price Action:** Advanced Micro Devices shares were up 3.56% at $502.67 during premarket trading on Friday, according to Benzinga Pro data. _Image via Shutterstock_ **Read Also: Azure Ignites Microsoft Stock: AI-Fueled Earnings Beat Sparks 9% Rally** ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMDS.US](https://longbridge.com/en/quote/AMDS.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [LRCU.US](https://longbridge.com/en/quote/LRCU.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [ARKW.US](https://longbridge.com/en/quote/ARKW.US.md) - [TRFK.US](https://longbridge.com/en/quote/TRFK.US.md) ## Related News & Research - [AMD secures up to 2.5 GW of Core Scientific data centre capacity](https://longbridge.com/en/news/294203930.md) - [CORZ Stock Alert: Core Scientific Strikes AI Infrastructure Deal With AMD](https://longbridge.com/en/news/294105050.md) - [Lam Research Q4 revenue rises 15%, slightly beats estimates](https://longbridge.com/en/news/294253945.md) - [LRCX: Record revenue and margin growth driven by AI demand, with strong outlook for next quarter](https://longbridge.com/en/news/294254072.md) - [Lam Research (NASDAQ:LRCX) Releases Earnings Results, Beats Expectations By $0.13 EPS](https://longbridge.com/en/news/294256400.md)