Advanced Micro Devices Inc (AMD · NASDAQ)

AMD shares rose 3.4% to $552.72 after Susquehanna lifted its price target to $620 from $550, though the stock remains down 10.1% over the past month and 14.9% below its 52-week high. The company's June quarter showed strong momentum, with revenue up 50.1% year over year to $11.54B and earnings up 159.5%, capping a streak of four consecutive earnings beats. Leverage is minimal at 0.4x debt/EBITDA with $5.09B in cash, and quarterly free cash flow reached $1.56B. Valuation remains demanding at a 136.41 P/E and 92.79 EV/EBITDA against a 15.6% profit margin, with the stock trading 38.5% above its 200-day moving average.