AMD Stock Price Reclaims $500: New All-Time High Soon?
Advanced Micro Devices, Inc. (AMD) stock price has surged today, closing 13% (55.83 points) higher on Thursday, July 30, 2026, and rallying 4.04% (19.61 points) in the pre-market hours. AMD’s rally comes amid a sector-wide resurgence, with major tech and semiconductor stocks around the world seeing significant gains. Let’s discuss if AMD can continue its rally and hit a new all-time high soon.
Will AMD Stock Price Hit A New All-Time High?
AMD faced a steep correction earlier this month due to increased worries around AI spending. The tide seems to have changed since. South Korea’s stock market saw its biggest single-day gain in history, with AI memory chip makers, SK Hynix and Samsung, leading the charge. Taiwan’s stock market is also gaining substantial momentum, led by TSMC.
AMD’s price surge also comes amid stellar earnings report by fellow tech companies Apple, Microsoft, and Amazon. AMD is set to release its quarterly earnings report on August 4, 2026. Analysts anticipate a similar performance from the chip manufacturer.
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