- Advanced Micro Devices shares jumped over 6% after a board appointment, a price-target update, and a new data center lease.
- KC McClure, a long-time finance executive from Accenture, was named to AMD’s board.
- Bernstein raised its price target to $225 from $200 while keeping a “Market Perform” rating and adjusted quarterly estimates.
- Riot Platforms agreed to lease up to 25 MW initially at its Rockdale data center, with expansion options that could reach 200 MW total capacity.
- Retail sentiment on social platforms turned sharply bullish, with shares trading near $245 and having doubled over the past year.
On Wednesday, Advanced Micro Devices shares climbed more than 6% after three developments: a new board appointment, a price-target hike, and a data center lease agreement that expands its cloud capacity needs. The moves came as the company approaches quarterly results expected on Feb. 3 and drew strong retail interest.
KC McClure will join AMD’s board after a 37-year career at Accenture, where she held senior finance and investor-relations roles; the appointment is detailed in AMD’s press release that notes her recent role as a senior advisor and finance leader (join AMD’s board). “We are delighted to welcome KC to AMD’s Board of Directors,” said Dr. Lisa Su, AMD chair and CEO.
Bernstein raised its price target to $225 from $200 and kept a “Market Perform” rating ahead of the quarter. Analyst Stacy Rasgon adjusted estimates to reflect stronger server demand and weaker PC assumptions, modeling Q4 2025 revenue at $9.7 billion and EPS at $1.31, in line with the street consensus; data from Fiscal.ai shows the street expects about $9.61 billion and $1.31 EPS.
Last week, Riot Platforms signed a data center lease and service agreement for its Rockdale site to provide an initial 25 megawatts (MW) of critical IT load under a 10-year term with three five-year extension options. AMD holds an option to add 75 MW and a right of first refusal for another 100 MW, bringing potential leased capacity to 200 MW; the initial deployment will use Riot’s existing infrastructure and is scheduled in two phases for January 2026 and May 2026 under a modified gross lease with annual escalators.
Retail discussion on social platforms tracked as “extremely bullish” over 24 hours, with one user calling AMD “the next trillion-dollar AI firm” and another predicting shares could reach “$300” next quarter. At the time of reporting, shares traded near $245 and have roughly doubled over the past year.
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