AMD stock jumped 28% in June due to acquisitions, AI advancements, positive economic data

From Nasdaq: 2025-07-01 22:09:00

Shares of Advanced Micro Devices (NASDAQ: AMD) rose last month as the chip stock announced acquisitions to boost its AI strategy and shared future plans at its Advancing AI conference. The stock also benefited from a broader market uptrend fueled by positive economic data and easing trade war concerns.

AMD stock surged 28% in June, with gains driven by the Advancing AI event and market momentum. The company’s acquisitions of Brium and Untether AI bolstered its AI capabilities. Analysts praised AMD’s new Instinct MI350 Series GPUs, leading to positive investor sentiment and endorsements from big-name investors.

Despite a brief pullback in tech stocks, AMD’s outlook remains strong due to increasing demand for AI technology. The company’s focus on data center growth and expanding market share in the client segment positions it for continued success.

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