AMD stock approaches all-time high amid sector-wide rally

Advanced Micro Devices (AMD) stock is surging, closing up 6.36% on September 17, 2026, and continuing to rise in after-market trading to $554.26. The rally follows a broader tech sector trend, including gains for Nvidia (NVDA), Intel (INTC), and Micron (MU). Analysts suggest the surge is driven by strong AI computing demand, highlighted by price hikes from cloud operator Nebius for AMD's EPYC Genoa CPUs. With datacenter revenue up 107% year-over-year in Q2 2026, analysts at Piper Sandler have maintained a buy rating with a $600 price target.