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AMD shares soar 12% on no company news. Here's what has investors so excited

Cnbc · · 355 words · By Tobias Burns
Artificial Intelligence Infrastructure Spending Semiconductor Market Performance
open_in_new Read the original article: https://www.cnbc.com/2026/04/24/amd-shares-soar-on-no-company-news-heres-what-ha…

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fact_checkFact-Check Results

11 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 4
info Single Source 4
help Insufficient Evidence 2
schedule Pending 1
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“Intel's latest earnings report showed big demand for central processing units, or CPUs, as companies rush to build out their artificial intelligence capabilities, sending its stock surging.”
CORROBORATED
Multiple web search results indicate that high demand for CPUs, driven by AI build-out, was a key theme in recent reporting regarding Intel's earnings and outlook. One source specifically mentions 'Demand for Intel’s Xeon server CPUs continues to run ahead of available supply.'
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wikipedia NEUTRAL — Arrow Lake is the codename for Core Ultra Series 2 processors designed by Intel, released on October 24, 2024. It follows on from Meteor Lake which saw Intel move from monolithic silicon to a disaggre…
https://en.wikipedia.org/wiki/Arrow_Lake_(microprocessor)
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wikipedia NEUTRAL — Intel Core is a line of multi-core (with the exception of Core Solo and Core 2 Solo) central processing units (CPUs) for midrange, embedded, workstation, high-end, enthusiast and gaming computer marke…
https://en.wikipedia.org/wiki/Intel_Core
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wikipedia NEUTRAL — The following is a list of Intel Core processors. This includes Intel's original Core (Solo/Duo) mobile series based on the Enhanced Pentium M microarchitecture; as well as its Core 2– (Solo/Duo/Quad/…
https://en.wikipedia.org/wiki/List_of_Intel_Core_processors
+ 3 more evidence sources
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“AMD shares soared more than 12% on Friday as Wall Street analysts were caught off guard by Intel's CPU performance — which they believe will translate to other big CPU makers.”
SINGLE SOURCE
The evidence confirms general positive sentiment and analyst upgrades for AMD due to AI demand ('Shares have climbed to fresh highs after a wave of analyst upgrades, strong product news and renewed AI demand optimism'), but none of the provided sources specify that AMD's shares soared *more than 12% on Friday* specifically due to *Wall Street analysts being caught off guard by Intel's CPU performance* in the manner described.
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wikipedia NEUTRAL — Baikal CPU was a line of MIPS and ARM-based microprocessors developed by fabless design firm Baikal Electronics, a spin-off of the Russian supercomputer company T-Platforms.
https://en.wikipedia.org/wiki/Baikal_CPU
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wikipedia NEUTRAL — Framework Computer, Inc. is an American personal computer manufacturer. The company positions itself as a proponent of the right to repair movement, and their laptops are designed to be easy to disass…
https://en.wikipedia.org/wiki/Framework_Computer
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wikipedia NEUTRAL — The transistor count is the number of transistors in an electronic device (typically on a single substrate or silicon die). It is the most common measure of integrated circuit complexity (although the…
https://en.wikipedia.org/wiki/Transistor_count
+ 3 more evidence sources
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“Luria upgraded AMD to buy from neutral and hiked his 2026 revenue and gross profit margins.”
SINGLE SOURCE
The evidence shows that Gil Luria, D.A. Davidson analyst, has provided ratings and upgrades, but the specific claim—that he upgraded AMD to 'buy' from 'neutral' AND hiked 2026 revenue/gross profit margins—is not fully corroborated across multiple independent sources provided. One source mentions an upgrade to 'Neutral' for CRM, and another mentions general analyst activity, but not this specific combination for AMD.
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web search NEUTRAL — Gil Luria, D.A. Davidson analyst, joins CNBC's 'Squawk on the Street' to discuss why a "big bang breakup" could unlock value for Google, outlooks on the comp...
https://www.youtube.com/watch?v=uFvHg5pSrv0
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web search NEUTRAL — DA Davidson's analyst, Gil Luria, has upgraded the stock's rating to "Neutral" from a previous "Underperform." The price target remains steady at $225.00 USD. This update follows a series of recent an…
https://www.gurufocus.com/news/3064258/crm-stock-analyst-gil…
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web search NEUTRAL — Gil Luria Profile - D.A. Davidson Analyst.Copying Gil Luria's trades since 2012 and holding each position for 1 Year would result in 47.88% of your transactions generating a profit, with an average re…
https://www.tipranks.com/experts/analysts/gil-luria
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“He also hiked his price target on the stock to $375, implying upside of 22% from Thursday's close.”
CORROBORATED
One web search result explicitly states that on April 24, 2026, DA Davidson analyst Gil Luria set a price target of $375 for AMD, implying a 22.8% upside from the current stock price, which corroborates the core figures and implication of the claim.
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web search NEUTRAL — On April 24, 2026, DA Davidson analyst Gil Luria upgraded its rating to Buy on Advanced Micro Devices (AMD). The analyst set a price target of $375, raised from $220 (70.5%), implying 22.8% upside fro…
https://trendonify.com/news/ratings/da-davidson-raises-price…
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web search NEUTRAL — Find the latest Advanced Micro Devices, Inc. (AMD) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/AMD/
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web search NEUTRAL — Stock forecasts and analyst price target predictions for Advanced Micro Devices, Inc. (AMD) stock, with detailed revenue and earnings estimates.
https://stockanalysis.com/stocks/amd/forecast/
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“This comes off the back of Intel also issuing stronger-than-expected guidance for the second quarter.”
CORROBORATED
Multiple web search results confirm that Intel issued guidance that was stronger than expected for Q2. Sources mention 'Intel Corp on Thursday projected its second quarter revenue and profit well-above Wall Street estimates' and 'Intel forecast stronger-than-expected Q2 revenue...'.
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web search NEUTRAL — Investing.com -- Intel Corp on Thursday projected its second quarter revenue and profit well-above Wall Street estimates on strong demand for the chipmaker's server chips used in artificial ...
https://finance.yahoo.com/markets/stocks/articles/intel-fore…
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web search NEUTRAL — Intel forecast stronger-than-expected Q2 revenue of $13.8-$14.8 billion, driven by robust demand for AI-focused server chips, with earnings guidance also beating estimates. The upbeat outlook sent sha…
https://economictimes.indiatimes.com/markets/us-stocks/news/…
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web search NEUTRAL — Computer processor maker Intel (NASDAQ:INTC) reported Q2 CY2025 results , but sales were flat year on year at $12.86 billion. On top of that, next quarter's revenue guidance ($13.1 billion at ...
https://www.msn.com/en-us/money/technology/intel-nasdaq-intc…
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“Intel now expects double digit server CPU unit growth in 2026, up from their prior expectations of only slight growth six months ago.”
SINGLE SOURCE
One web search result mentions 'Double-digit YoY growth expected to continue' in the context of Intel's earnings deck, suggesting this forecast. However, the claim specifies a comparison to a *prior expectation of only slight growth six months ago*, which is not confirmed by multiple independent sources.
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wikipedia NEUTRAL — In computer hardware, a CPU socket or CPU slot contains one or more mechanical components providing mechanical and electrical connections between a microprocessor and a printed circuit board (PCB). Th…
https://en.wikipedia.org/wiki/CPU_socket
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wikipedia NEUTRAL — The following is a partial list of Intel CPU microarchitectures. The list is incomplete, additional details can be found in Intel's tick–tock model, process–architecture–optimization model and Templat…
https://en.wikipedia.org/wiki/List_of_Intel_CPU_microarchite…
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wikipedia NEUTRAL — This generational list of Intel processors attempts to present all of Intel's processors from the 4-bit 4004 (1971) to the present high-end offerings. Concise technical data is given for each product.…
https://en.wikipedia.org/wiki/List_of_Intel_processors
+ 3 more evidence sources
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“Citi analyst Atif Malik wrote on Friday. He also upgraded the stock to buy from neutral.”
CORROBORATED
Two distinct web search results confirm that Citi analyst Atif Malik upgraded Intel. One source states he upgraded INTC from 'Sell' to 'Neutral,' and another mentions an upgrade from 'Neutral' to 'Buy' (though the context varies, the core action of an upgrade by Malik from Citi is confirmed by multiple searches).
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web search NEUTRAL — Citi analyst Atif Malik upgraded Intel (NASDAQ: INTC) from Neutral to Buy with a price target of $95.00 (from $48.00).For an analyst ratings summary and ratings...
https://www.streetinsider.com/Hot+Upgrades/Citi+Upgrades+Int…
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web search NEUTRAL — Intel stock received a fresh look from Wall Street analysts this week. Citi upgraded shares from "Sell" to "Neutral" with a $50 price target following Taiwan Semiconductor's record earnings report. In…
https://blockonomi.com/intel-intc-stock-upgraded-at-citi-fol…
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web search NEUTRAL — Citi analyst Atif Malik upgraded Intel (INTC) from "Sell" to "Neutral" with $50 target as TSMC's packaging constraints create foundry opportunities. Intel stock surged 139% in past year and 107% in si…
https://parameter.io/intel-intc-stock-analysts-see-opportuni…
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“Suji Desilva of Roth wrote Friday. 'Based on signs of better participation in high AI infrastructure growth, we are significantly increasing our price target to align INTC's target multiple with the company's AI infrastructure peers AMD, MRVL, CRDO, and ALAB (all Buy rated)'”
SINGLE SOURCE
The evidence shows Suji Desilva of Roth Capital did raise a price target for INTC, and the context involves aligning it with AI peers. However, the specific claim listing *all* peers (AMD, MRVL, CRDO, and ALAB) and the exact reasoning structure is not corroborated by multiple independent sources provided.
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web search NEUTRAL — Roth Capital analyst Suji Desilva raised the firm's price target on Intel (INTC) to $22 from $20. Intel reported relatively strong Q2 revenue results but guided for a "sub-seasonal" second half of 202…
https://www.tipranks.com/news/the-fly/intel-price-target-rai…
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web search NEUTRAL — Roth Capital Markets analyst Suji Desilva raised his target price on Intel (Intel Corporation Stock Quote, Chart, News, Analysts, Financials NASDAQ:INTC) to US $40.00 from $30.00 while maintaining ...
https://www.cantechletter.com/2025/10/should-you-be-buying-i…
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web search NEUTRAL — In a July 25 update, Roth Capital Markets analyst Suji Desilva said Intel ( Intel Corporation Stock Quote, Chart, News, Analysts, Financials NASDAQ:INTC ) delivered relatively strong Q2 2025 revenue b…
https://www.owler.com/reports/intel-corporation/should-you-s…
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“Barclays' Tom O'Malley, meanwhile, wondered whether Intel could lose market share to rival AMD.”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results or cross-references to support the claim that Tom O'Malley of Barclays questioned Intel losing market share to AMD.
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“Our downside case of $40 is based upon 47x our downside CY27 PF EPS of $0.85, which assumes greater share loss to AMD”
INSUFFICIENT EVIDENCE
No evidence was found in the provided search results or cross-references to support the specific downside calculation or basis for Tom O'Malley's $40 downside case.
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“Intel traded around $81 early Friday.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.