On July 30, Advanced Micro Devices rose 7.5% in regular trading, trading at 470.925 USD/share, with turnover of approximately $21.82 billion. The rally was driven by Susquehanna raising its price target on AMD from $450 to $500 while maintaining a positive rating, combined with a broader semiconductor sector rebound triggered by ARM's better-than-expected quarterly results.

ARM reported revenue of $1.289 billion, up 22% year-over-year, with adjusted earnings per share of $0.45, both exceeding market expectations. According to FactSet, AMD's consensus price target currently stands at $573.38. The semiconductor sector rallied broadly, with Micron Technology up 10.12%, SK hynix up 9.63%, Intel up 8.97%, Taiwan Semiconductor Manufacturing up 5.87%, and NVIDIA up 1.33%.

AMD had previously declined over consecutive sessions due to systemic selling pressure triggered by Chinese DRAM giant CXMT's IPO and profit-taking following the Advancing AI conference. The current move represents a recovery bounce supported by the analyst upgrade and sector-wide strength. AMD is scheduled to report earnings on August 4 after market close, with consensus expecting revenue of $11.278 billion and adjusted EPS of $1.61.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)