Advanced Micro Devices, Inc (AMD) stock price is surging today after the company announced a $5 billion funding plan for AI expansion. The company announced that the funds will be raised via debt offering. AMD stock price closed 0.02% (0.08 points) higher on August 13, 2026, a substantially minimal rally. The stock saw a further 0.43% (2.09 points) gain in the pre-market hours. Let’s discuss if AMD can sustain its upswing.

Can AMD Stock Continue Its Price Rally?

AMD’s latest price surge also comes after US inflation numbers cooled for another consecutive month. CPI (Consumer Price Index) figures came in at 3.4% for July 2026. Cooler inflation data may have boosted investor sentiment. The rally also comes amid an Asian stock market rally, particularly for the tech industry.

AMD recently delivered a stellar quarterly earnings report. Revenue and earnings came in higher than what many expected. Despite record revenue, the stock experienced a correction soon after the report was released. The dip was likely due to Elon Musk announcing that SpaceX will exclusively work on Nvidia chips, calling their systems the best to work with right now. Musk’s endorsement for Nvidia may have hurt AMD’s stock price.

Nonetheless, Wall Street analysts continue to be bullish on AMD. The company has a lot of expectations from its Helios chips which experts anticipate to give massive returns by the fourth quarter of this year. The company claims that its new chips can outperform Nvidia’s offerings.

Also Read: Missed Nvidia and AMD? Here Are 3 AI Stocks to Buy Instead

AMD is also expected to greatly benefit from the coming of agentic AI which depends more on CPU (Central Processing Unit) power than generative AI, which is more focussed on GPU (Graphics Processing Unit) power. AMD is in a unique position given that the company has a strong hold in the CPU and GPU markets.