India, July 2 -- Advanced Micro Devices (AMD) shares have pulled back around 5% to 6% after scaling a fresh 52-week high earlier this week, giving investors their first meaningful buying opportunity in more than a month. While the recent decline has sparked questions over whether the AI-fueled rally is losing momentum, analysts remain overwhelmingly bullish, with several Wall Street firms raising their price targets as high as $700.

The correction comes after AMD's remarkable rally of nearly 171% year-to-date and more than 300% over the past 12 months, making it one of the strongest-performing semiconductor stocks of 2026.

AMD Stock Falls After Record Rally

AMD shares are currently trading around $547-$555, down from Tuesday's record c...