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AMD Jumps 4.7% on Citi Upgrade, Meta GPU Deal

6/15/2026

27 4 Full Breakdown

Summary

Story summary

AMD shares jumped 4.7% to $511.57 on June 14, 2026 after Citi upgraded the stock to Buy and raised its target to $575.
Q1 revenue rose 38% to $10.3 billion and non-GAAP EPS increased 43% to $1.37, while Meta agreed to buy up to 6 GW of Instinct GPUs with the first gigawatt shipping in H2 2026.
AMD forecasts Q2 revenue near $11.2 billion ± $300 million, implying a 46% annual rise.

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Story summary

AMD shares jumped 4.7% to $511.57 on June 14, 2026 after Citi upgraded the stock to Buy and raised its target to $575.
Q1 revenue rose 38% to $10.3 billion and non-GAAP EPS increased 43% to $1.37, while Meta agreed to buy up to 6 GW of Instinct GPUs with the first gigawatt shipping in H2 2026.
AMD forecasts Q2 revenue near $11.2 billion ± $300 million, implying a 46% annual rise.