# Shares of semiconductor giant Advanced Micro Devices (AMD) have performed strongly, surging about 64% in April and more than 68% year-to-date.

*semiconductor · news · 2026-05-03 · Markets Insider*

## Key points

- ARK Invest sold over 208,000 AMD shares worth $70.89 million in two days before earnings.
- Susquehanna raised AMD's price target to $375, citing strong EPYC chip and AI product demand.
- RBC Capital noted AMD faces wafer supply constraints and has lower CPU exposure than Intel.
- Despite positive revenue and EPS forecasts, the average analyst price target suggests 17% downside risk.

**Companies:** Advanced Micro Devices, Nvidia, Intel

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/cathie-wood-sheds-over-70m-in-amd-stock-while-wall-street-remains-divided-ahead-of-q1-results-1036098038)

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