Advanced Micro Devices (AMD) shares hit an all-time high of $253 ahead of earnings, with analysts expecting $0.97 per share in Q3, up from $0.76 last year. The surge is fueled by AI partnerships and strong financial performance, with revenue hitting $7.69 billion in Q2. Options data suggests further upside potential, with Wall Street analysts maintaining a “Strong Buy” rating and price targets up to $310, indicating a 24% gain.

Read more at Barchart: AMD Stock Just Hit a New All-Time High. Options Data Tells Us It Could Be Headed Here Next.