Advanced Micro Devices, Inc (AMD) hit $580 on June 30, 2026, but fell to around $516 on July 7, 2026. The dip represents a correction of nearly 10%. While AMD has been riding the ongoing AI wave, it has faced some volatility this month. Prices could swing further, ahead of the company’s upcoming earnings report on August 4, 2026. Let’s discuss what could happen with AMD’s stock price and if it is a good time to sell.
Is It A Good Time Sell AMD Stock?
AMD stock price has seen some positive price action, closing 2.04% (11.17 points) higher on July 10, 2026, and a 0.34% (1.88 points) gain in the after-market hours. Although AMD’s stock price has faced a price dip since late June of this year, the asset may be in for big gains in the future. Selling the stock may not be the best approach.
Wall Street analysts have been increasingly bullish on AMD’s stock price. Stifel Nicolaus’s Ruben Roy recently revised AMD’s stock price target from $450 to $635. Goldman Sachs also increased their AMD target to $640. Cantor Fitzgerald anticipates the asset to hit the $700 mark. Given the bullish sentiment around AMD, selling right now may not be the most lucrative decision.
Also Read: Will Wall Street Raise AMD Stock Before August Earnings Report?
AMD is also expected to vastly benefit from agentic AI developments. Unlike generative AI that is more focussed on GPU (Graphics Processing Unit) power, agentic AI depends more on CPU (Central Processing Unit) power. AMD is one of the few companies that has its fingers in both the GPU and CPU market. This places the firm in a rather unique position.
AMD’s data center business is also expected to skyrocket in the coming years. Agentic AI, data center expansion, and its already booming GPU manufacturing capabilities makes AMD a solid company for massive future upside.