AMD gains on plans of chip supply boost

Advanced Micro Devices

06/10/2026 12:02

** US chipmaker Advanced Micro Devices AMD.O shares gain 1.5% to $641.10 in premarket trading
** CEO Lisa Su says co plans to substantially increase chip supply in 2027 as AMD races to meet booming demand from AI
** AMD is also working closely with memory chipmakers to secure sufficient supplies, Su said, ahead of a visit to South Korea later on Tuesday
** At least two brokerages, including Citigroup, raise PT on stock - LSEG-compiled data
** Forty-seven of 56 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $616 - LSEG-compiled data
** Up to last day's close, shares are up more than 100% YTD

 (Reporting by Sudeshna Ghoshal in Bengaluru)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))