Advanced Micro Devices Inc stock rose more than 3% in Monday's premarket session as improving risk appetite lifted AI and semiconductor stocks. Nasdaq futures gained 1.23%, while S&P 500 futures advanced 0.47%. The stock has been one of the strongest performers in the semiconductor sector over the past year, and traders will watch whether it can hold above key support levels if volatility increases after the market opens.

Technical Picture Remains Positive

AMD continues to trade above its key moving averages, signaling that the broader trend remains positive. The stock sits about 4% above its 20-day simple moving average of $516.84 and roughly 16.8% above its 50-day SMA of $460.38. It also remains 93.3% above its 200-day SMA of $278.19. The golden cross that formed in July 2025 remains intact. The relative strength index stands at 52.47, indicating neutral momentum. Immediate resistance is near $546.50, while key support is around $437.

AMD Backs Self-Driving Startup Turing

Japanese autonomous driving startup Turing Inc. has raised $79 million in an extension of its Series A funding round, adding AMD Ventures as a new investor while expanding its use of Advanced Micro Devices' AI accelerators. The company said about 10% of its AI training now runs on AMD GPUs, reducing its reliance on NVIDIA Corp. hardware and helping lower costs ahead of its planned commercial launch in 2028. Bloomberg reported that the funding values Turing at about $600 million, although the size of AMD Ventures' investment was not disclosed.

Earnings and Analyst Outlook

The company's next earnings report is expected on Aug. 4. Wall Street expects earnings of $1.55 per share, up from 48 cents a year earlier, on revenue of $11.28 billion, compared with $7.68 billion last year. AMD trades at about 172.6 times earnings. Analysts maintain a consensus Buy rating with an average price forecast of $499.44. Recent analyst actions include Wells Fargo raising its price forecast to $615 on June 30, Cantor Fitzgerald increasing its price forecast to $700 on June 29 and UBS lifting its price forecast to $670 on June 24.

ETF Exposure

AMD carries significant weight in major ETFs, including the iShares Semiconductor ETF (SOXX) with 8.03%, the ARK Next Generation Internet ETF (ARKW) with 7.37%, and the Dan IVES Wedbush AI Revolution ETF (IVES) with 7.19%. Because of this heavy weight, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. Advanced Micro Devices shares were up 3.14% at $534.10 during premarket trading on Monday.

Advanced Micro Devices Inc. CEO Lisa Su revealed that her path to leading one of the world's biggest chipmakers was shaped by curiosity and an unexpected part-time job. Speaking on View From The Top: The Podcast in February 2025, Su reflected on the unlikely series of events that led her into the semiconductor industry. She emphasized that careers often evolve through unexpected opportunities rather than meticulous planning.

"Careers are very much by chance," Su said. "I'd like to think that you planned everything out minute by minute, but it's usually not like that."

A Chance MIT Job Sparked Her Passion

Su traced her fascination with engineering back to childhood, recalling how she was always eager to understand how things worked. She remembered watching her brother's remote-controlled toy car stop working and wondering why, a curiosity that eventually steered her toward studying math and science before enrolling at the Massachusetts Institute of Technology.

The defining moment came during her freshman year when she was simply searching for a part-time job. Su landed a position in a semiconductor laboratory, where she wore a cleanroom "bunny suit" and performed "grunt work" for a graduate student by helping run experiments. Despite the routine nature of the work, she was captivated by the idea that an incredibly small chip could pack so much computing power.

"That's kind of how I fell in love with semiconductors," she said, adding that the experience ultimately shaped both her undergraduate and graduate studies.

Choosing Industry Over Academia

After earning bachelor's, master's and doctoral degrees from MIT, Su considered a career in academia but ultimately decided industry was a better fit. She explained that she enjoyed building products people could actually see and use—from consumer devices on retail shelves to chips powering some of the world's largest supercomputers—rather than focusing solely on academic research.

Su later built her career through roles at Texas Instruments, IBM and Freescale Semiconductor before becoming AMD's CEO. She credited continuous learning and on-the-job experience for helping her transition from engineer to leader. "The beauty of career development is when you get a chance to try something new and learn," she said.

Transformation Under Lisa Su

When Su took over as CEO of AMD in October 2014, the chipmaker was valued at roughly $2 billion, and its shares traded at about $3.28 apiece. Since then, AMD has undergone a dramatic transformation, with the stock climbing above $500 per share and the company's market capitalization surpassing $844 billion.

Su, whose net worth is estimated at $2.9 billion, was born in Tainan, Taiwan, in 1969 and moved to New York City with her family at age 3. The daughter of a mathematician and a bookkeeper who later became an entrepreneur, she has become one of the most influential figures in the global semiconductor industry.