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.
Wall Street has also become more and more bullish on AMD’s future. The company recently revealed a host of new chip that it claims can outperform what Nvidia offers. AMD is also set to benefit from the coming of CPU-focussed agentic AI. Both development could propel the company to new heights.
Also Read: Amazon Stock Soars After Blowout Earnings: Can the Rally Continue?
There is a high chance that AMD stock prices will climb to a new all-time high after it releases its qaurterly earnings report.
Are There Any Risks?
While AMD has been one of the biggest beneficiaries of the ongoing AI boom, there are some risks you should be aware of. Firstly, there is a lot of worry among investors regarding increased spending among AI companies. Some believe that the spending may not be sustainable.
There are also risks of a potential bubble, which analysts like Michael Burry have pointed out. Burry believes we are in a dot com bubble-like situation from the late 1990s.
Thirdly, the ongoing US-Iran conflict could lead to supply chain issues which could hurt investor sentiment. AMD stock prices could take a hit if supply chains are impacted.