Advanced Micro Devices (AMD) shares rose nearly 3% in premarket trading on July 20, 2026. The gain comes ahead of the company's Advancing AI 2026 event scheduled for July 22-23. AMD plans to reveal its next-generation AI roadmap, featuring new CPUs and GPUs to compete in the AI infrastructure market.
UBS analysts anticipate the event will focus on technical updates for data center hardware rather than new customer partnerships.
In separate news, Cathie Wood's ARK Invest reduced its AMD holdings by approximately $11.7 million. However, recent SEC filings indicate several institutional funds increased their stakes in the company during the first quarter.