AMD’s shares have climbed 133%, pushing its market capitalization to $834 billion and nearing $1 trillion. Wolfe Research maintained its $450 price target and Outperform rating as ARK Invest sold $280 million in AMD shares and LongPoint launched a 2X AMD ETF.
AMD’s share price has surged 133% year-to-date, lifting its market capitalization to $834 billion and putting it within reach of a $1 trillion valuation. The rally is driven by strong AI chip demand, robust data center revenue, and optimistic guidance from management.
Wolfe Research reaffirmed its Outperform rating and $450 price target on AMD, citing the company’s expanding AI roadmap and leadership in data center processors. Analysts note that while valuation appears rich, growth catalysts in AI and high-performance computing support the bullish stance.
ARK Invest reduced its AMD stake by approximately $280 million to reallocate capital toward SpaceX’s IPO, reflecting a strategic shift into space technology exposure. The move underscores portfolio rotation among high-growth innovation themes.
LongPoint Asset Management introduced the SavvyLong (2X) AMD ETF (AMDU) on the Toronto Stock Exchange, offering Canadian dollar–denominated leveraged exposure to AMD stock. The new fund targets sophisticated investors seeking tactical, double-leveraged positions in leading semiconductor companies.
