AMD, MRVL, MU Stocks Hit 52-Week Highs: What Drove The Chip Stocks Higher?

• AMD stock rose more than 1%, climbing to an intraday high of $310.22.
• MRVL stock rose for five straight sessions, climbing by over 5% on Thursday to $167.86. 
• MU stock hit $493.62 in the day’s trading session before closing about 1% lower.

Shares of semiconductor companies Advanced Micro Devices Inc. (AMD), Marvell Technology Inc. (MRVL), and Micron Technology Inc. (MU) surged to 52-week highs on Thursday, fueled by surging artificial intelligence demand for chips.

AMD stock rose more than 1%, climbing to an intraday high of $310.22, while MRVL stock rose by over 5% to $167.86. Meanwhile, MU stock hit $493.62 in the day’s trading session before closing about 1% lower.

AMD Surges On Strong Demand

Advanced Micro Devices is riding an upward trend amid growing demand for AI chips and rising data center spending. The stock is on track for its seventh straight week of gains. On Wednesday, AMD shares breached the $300 level and are still holding steady above the key threshold.

Meanwhile, Wall Street is also backing the stock, with Stifel recently raising its price target on AMD to $320 from $280 and maintaining a ‘Buy’ rating. According to Koyfin data, 36 of 49 analysts covering the company have a rating of ‘Buy’ or more on the shares. In Thursday’s after-hours trading, AMD shares surged more than 7%, breaching the $500 billion market cap for the first time, as rival Intel’s earnings boosted investor sentiment.

On Stocktwits, retail sentiment around AMD stock was in the ‘extremely bullish’ territory at the time of writing, amid ‘extremely high’ message volumes. AMD shares have surged more than 237% in the past year.

Marvell Pops On Optimism Around AI Deals

Marvell’s shares traded up for five straight sessions, posting gains of more than 5% on Thursday. The networking chipmaker has benefited from a slew of recent deals with top hyperscalers.

Most recently, the company announced the acquisition of Polariton Technologies to bolster its photonic solutions portfolio. The California-based semiconductor company is also reportedly in talks with Google to develop custom chips and has a tie-up with Poet Technologies (POET) for optical engines and photonics components.

On Stocktwits, retail sentiment around MRVL stock was in the ‘extremely bullish’ territory at the time of writing, amid ‘extremely high’ message volumes. MRVL shares have surged more than 207% in the past year.

Micron Gains From Memory Demand

MU shares are headed for a fourth week of gains, benefitting from increased demand for its high-bandwidth memory products. The stock has surged more than 52% this year alone, with Wall Street seeing further upside.

The memory chipmaker’s second-quarter 2025 revenue nearly tripled to $23.86 billion after soaring past analysts’ expectations. The company has maintained that it sees rising memory demand driven by a surge in Agentic AI and broad-based servers, further compounded by structural supply constraints.

Meanwhile, 37 out of 42 analysts covering the stock rate it ‘Buy’ or higher, according to data from Koyfin.

Retailers, however, feel differently about the stock despite its stellar performance. On Stocktwits, retail sentiment around MU stock has slipped to the 'bearish’ territory from ‘extremely bullish’ a month ago, with message volumes in the ‘low’ territory. MU stock has skyrocketed more than 560% in the past year.

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