Advanced Micro Devices (AMD)
Bull Thesis
- AI GPU ramp accelerating. Data Center revenue hit $5.8B in Q1 2026, up 57% YoY, driven by MI300/MI350 GPU demand from hyperscalers including Meta, Microsoft, and Oracle.3
- Meta mega-deal de-risks demand. AMD and Meta signed an expanded strategic partnership in February 2026 to deploy up to 6 gigawatts of AMD Instinct GPUs, with a custom MI450-based GPU on the AMD Helios rack-scale architecture.7
- Massive TAM ahead. AMD raised its server CPU TAM outlook to more than $120 billion by 2030 (CAGR over 35%) and guided toward “tens of billions” of Data Center AI revenue by 2027.8
- Next-gen products on track. AMD announced production ramp of EPYC “Venice” on TSMC 2nm in June 2026; the Advancing AI 2026 event (July 22–23, San Francisco) is expected to showcase MI450 accelerators and Zen 6 CPUs.9
- Gross margin expansion. Non-GAAP gross margin expanded to 55% in Q1 2026 from 50% a year earlier; Q2 guidance calls for ~56%, reflecting a richer AI-accelerator product mix.3
Bear Thesis
- NVIDIA’s CUDA moat is formidable. NVIDIA controls approximately 92% of the AI/data-center GPU market, sustained by an ecosystem of developer tools that AMD’s ROCm stack has not fully matched.6
- China export control overhang. China accounts for approximately 20% of AMD’s revenue; US licensing requirements on chips like the MI325X create ongoing uncertainty around that revenue pool.5
- Valuation stretched vs. consensus PT. At $519.85, AMD trades well above the average analyst price target of ~$444, implying the AI ramp is already priced in and leaving little margin for error.2
- Hyperscaler custom silicon threat. Google (TPUs), Amazon (Trainium 2), and Microsoft (Maia) are investing in custom AI silicon that could reduce reliance on AMD and NVIDIA GPUs over time.6
- Embedded segment headwind. The Embedded segment generated $3.5B in FY 2025, down 3% YoY, as industrial and IoT end markets remain mixed—a reminder AMD’s revenue base is not purely AI-driven.4
Executive Summary
Advanced Micro Devices (NASDAQ: AMD) is a global fabless semiconductor company headquartered in Santa Clara, California, designing high-performance CPUs, GPUs, FPGAs, and adaptive computing accelerators for data centers, personal computers, gaming consoles, and embedded applications. Founded on May 1, 1969 by Jerry Sanders and colleagues from Fairchild Semiconductor,10 and led since October 2014 by CEO Dr. Lisa Su,11 AMD has transformed from a near-bankrupt also-ran into one of the most strategically important AI infrastructure companies in the world.
AMD’s fundamentals have inflected sharply upward. Full-year 2025 revenue was $34.6 billion, up 34% from $25.8 billion in 2024, which was itself up 14% from $22.7 billion in 2023.4 The company’s Data Center segment—encompassing EPYC server CPUs and Instinct AI GPUs—generated $16.6 billion in FY 2025, up 32% YoY, and has accelerated further to $5.8 billion in Q1 2026 alone, up 57% YoY.34 Non-GAAP gross margins reached 55% in Q1 2026, up from 50% a year prior, as the product mix continues to shift toward higher-value AI accelerators.3 AMD guided Q2 2026 revenue to approximately $11.2 billion (±$300 million), representing roughly 46% YoY growth, with non-GAAP gross margin expanding to approximately 56%.3
The bull case rests on whether AMD can close the software gap with NVIDIA’s CUDA and win a durable share of hyperscaler AI spending as cloud giants diversify GPU supply chains. The bear case questions whether the stock—up 133% year-to-date as of June 23, 2026, and trading well above the average analyst price target of approximately $4442—has already discounted the AI ramp, while export control headwinds on China (~20% of revenue)5 and NVIDIA’s entrenched ecosystem remain structural challenges.
Company History & Leadership
Advanced Micro Devices was incorporated on May 1, 1969, by W. J. “Jerry” Sanders III along with seven colleagues from Fairchild Semiconductor. The founders raised $50,000 of their own money and $1.5 million in venture capital to launch the company in Santa Clara, California.10 AMD went public on NASDAQ on September 27, 1972, at $15.50 per share, raising $7.5 million in its IPO.10 For three decades, AMD operated primarily as an Intel-compatible processor maker, locked in a legal and competitive battle over x86 architecture licenses. Sanders led the company as CEO from 1969 to 2002.
AMD’s pivotal modern era began under Dr. Lisa Su, who joined AMD in 2012 and was named CEO and President on October 8, 2014, becoming one of the few women to lead a major semiconductor company.11 When Su became CEO, AMD’s stock traded below $2 per share and the company’s market cap was roughly $3 billion. Her “high-performance computing” strategy—built on the Zen CPU microarchitecture (launched 2017) and a relentless data-center push—grew AMD’s market cap to more than $800 billion by mid-2026.11 Forbes named Su the tenth most powerful woman in the world in 2025, and Time named her among its “Architects of AI” for its 2025 Person of the Year recognition.11
Leadership
| Name | Title | Background |
|---|---|---|
| Dr. Lisa Su | Chair & CEO | MIT PhD Electrical Engineering; joined AMD 2012; CEO since Oct 8, 2014. Former SVP at Freescale Semiconductor; technical assistant to IBM’s CEO.11 |
| Jean Hu | EVP & CFO | Chief Financial Officer overseeing AMD’s global finance functions. |
| Mark Papermaster | EVP & CTO | Long-tenured Chief Technology Officer responsible for AMD’s silicon roadmap including Zen CPU and CDNA GPU architectures. |
| Forrest Norrod | EVP, Data Center Solutions | Leads AMD’s most important and fastest-growing segment; previously at Dell Technologies. |
Business Model & Unit Economics
AMD is a fabless semiconductor company: it designs silicon but outsources manufacturing to foundries (primarily TSMC). Revenue comes from selling chips across four segments—Data Center, Client, Gaming, and Embedded—to OEMs, cloud hyperscalers, system integrators, and consumer electronics makers.
Revenue Segments (FY 2025)4
| Segment | FY 2025 Revenue | % of Total | YoY Growth | Key Products |
|---|---|---|---|---|
| Data Center | $16.6B | 48% | +32% | EPYC server CPUs, Instinct MI-series AI GPUs |
| Client | $10.6B | 31% | +51% | Ryzen desktop & laptop CPUs |
| Gaming | $3.9B | 11% | +51% | Radeon GPUs, semi-custom SoCs (PlayStation, Xbox) |
| Embedded | $3.5B | 10% | −3% | FPGAs, adaptive SoCs (Xilinx heritage), industrial |
| Total | $34.6B | 100% | +34% |
Data Center — The Core Growth Engine
The Data Center segment, which contributed 48% of FY 2025 revenue, has two major product lines: EPYC server CPUs and Instinct AI GPUs. EPYC (based on the Zen microarchitecture) has become the leading alternative to Intel Xeon in public cloud deployments, winning server CPU share at Amazon Web Services, Google Cloud, Microsoft Azure, and enterprise OEMs. The Instinct GPU line—MI300X (CDNA 3 architecture), MI350 (CDNA 4), and the upcoming MI400/MI450 (CDNA 5)—targets large language model training and inference workloads, directly competing with NVIDIA’s H100/H200/Blackwell family.12
Data-center GPU revenue for AMD is forecast to surge 114% year-on-year to approximately $15 billion in 2026, with the MI400 series alone potentially contributing about $7.2 billion in its first year of volume shipments at roughly 258,000 units with an average selling price of approximately $30,926.12 Total data-center revenue is forecast to rise 73% to approximately $28.7 billion in 2026.12
Client & Gaming
The Client segment (Ryzen CPUs) generated $10.6 billion in FY 2025, up 51%, as AMD gained PC CPU market share against Intel. The Gaming segment ($3.9 billion in FY 2025, up 51%) includes both discrete Radeon GPUs and semi-custom chips AMD supplies for the Sony PlayStation 5 and Microsoft Xbox Series X/S consoles.4 Console revenue tends to decline late in a hardware cycle; with a new console generation still years out, Gaming is a modest and gradually softening contributor.
Embedded
The Embedded segment (FPGAs and adaptive SoCs from the 2022 Xilinx acquisition) serves industrial, automotive, telecom, and aerospace markets. After a deep inventory correction in 2023–2024, the segment is recovering slowly, generating $3.5 billion in FY 2025, down 3% YoY, and remains a headwind on overall growth rates.4
Unit Economics & Moat
As a fabless company, AMD’s gross margins benefit from the high average selling prices of AI accelerators. Non-GAAP gross margin hit 55% in Q1 2026 (versus 50% a year earlier) and is guided to approximately 56% in Q2 2026, reflecting the continued shift toward Instinct GPU revenue.3 AMD’s competitive moats include: (1) its proprietary Zen CPU microarchitecture; (2) EPYC’s lead over Intel Xeon in performance-per-watt and core count for cloud workloads; and (3) an improving ROCm software ecosystem that is increasing compatibility with major AI frameworks (PyTorch, TensorFlow), which is the primary barrier AMD must surmount to capture more LLM training workloads from NVIDIA.
Price History & Technicals
| Metric | Value | Source / Notes |
|---|---|---|
| Last Close (Jun 23, 2026) | $519.85 | Day change: −5.76%1 |
| All-Time Closing High | $558.37 | June 22, 20261 |
| 52-Week Intraday High | $562.99 | ~June 20261 |
| 52-Week Low | $133.50 | ~June–July 20251 |
| YTD Return (2026) | +133% | As of June 23, 20261 |
| Market Cap (approx.) | ~$834B | At last close1 |
| Diluted Shares (Q1 2026) | ~1.650B | +1.48% YoY13 |
| IPO Price (1972) | $15.50 | NASDAQ IPO Sept 27, 197210 |
AMD’s stock experienced one of the most dramatic reversals in large-cap semiconductor history over the 2024–2026 period. After trading near $226 in early 2024 as investors anticipated AI GPU upside, shares collapsed throughout 2024 and into mid-2025 as AMD missed aggressive Instinct GPU revenue estimates and NVIDIA’s dominance left less room than bulls had anticipated. By mid-2025, AMD stock had fallen to a 52-week low of approximately $133.50.1
The reversal began in earnest in late 2025 and accelerated into 2026 as AMD’s actual AI GPU revenues began ramping in line with management’s roadmap. The Q1 2026 earnings report on May 5, 2026—with revenue of $10.3 billion beating the $9.85 billion consensus and Data Center up 57% YoY—triggered an 18% single-day surge.3 UBS raised its price target to $670 in the aftermath of that print.2 By June 15, 2026, AMD shares had reached an all-time high closing price of $558.37, for a 133%+ year-to-date gain.1
The June 23, 2026 pullback of 5.76% to $519.85—still leaving the stock up more than 130% YTD—likely reflects profit-taking after AMD’s extraordinary run. The stock has reclaimed all its 2024 highs and is trading in new all-time-high territory. The key risk for momentum holders: at $519.85, AMD trades well above the average analyst price target of approximately $444, meaning the stock has effectively priced in further execution on the AI GPU ramp before it has been fully delivered.2
Financial Statements & Guidance
Income Statement Summary
| Metric | FY 2023 | FY 2024 | FY 2025 | Q1 2026 |
|---|---|---|---|---|
| Revenue | $22.7B | $25.8B | $34.6B | $10.3B |
| YoY Growth | — | +14% | +34% | +38% |
| GAAP Operating Income | $401M | $3,694M | $4,364M | $1,532M |
| GAAP Net Income | $854M | $1,777M | n/d | n/d |
| Non-GAAP Gross Margin | 46% | ~54% | ~54% | 55% |
| Non-GAAP EPS (diluted) | n/d | n/d | n/d | $1.37 |
| GAAP EPS (diluted) | n/d | n/d | n/d | $0.84 |
Sources: AMD earnings releases for FY 2023–FY 20254 and Q1 2026.3 n/d = not disclosed in research notes for that period.
Balance Sheet Highlights
As of Q1 2024 (the most granular balance sheet data available in research), AMD held cash and short-term investments of $6.0 billion, accounts receivable of $5.0 billion, and inventories of $4.7 billion, with total debt of $2.5 billion.14 AMD’s balance sheet is generally considered conservative for a company of its scale; the company has used improving cash generation to fund organic R&D rather than aggressive buybacks or acquisitions since the Xilinx integration.
Forward Guidance
For Q2 2026, AMD guided revenue to approximately $11.2 billion (±$300 million), representing YoY growth of approximately 46% and sequential growth of approximately 9%, with non-GAAP gross margin of approximately 56%.3 Management guided to “tens of billions” of Data Center AI revenue in 2027 with confidence to exceed its greater-than-80% long-term AI growth target, and raised its server CPU TAM outlook to more than $120 billion by 2030 (CAGR over 35%).8
Full-year 2026 analyst consensus (35 analysts) estimated revenue of approximately $48.4 billion, up from prior estimates of $46.8 billion, with non-GAAP EPS consensus of approximately $4.99.8
Sell-Side View
AMD carries a broad Buy consensus. Of 35 covering analysts as of June 24, 2026, approximately 43% rate AMD Strong Buy, 43% Buy, 14% Hold, and 0% Sell—one of the most uniformly bullish distributions in large-cap semiconductors.2
| Firm | Rating | Price Target | Notes |
|---|---|---|---|
| UBS | Buy | $670 | Raised PT following Q1 2026 earnings beat2 |
| Barclays | Buy | $665 | High-end street view; issued June 1, 20262 |
| DA Davidson | — | n/d | Reset price target for the rest of 2026 per TheStreet2 |
| Citigroup | Hold | $248 | Street-low PT; issued April 6, 20262 |
| Consensus (35 analysts) | Buy | ~$444 | 43% Strong Buy, 43% Buy, 14% Hold, 0% Sell2 |
The wide dispersion between the low ($248, Citigroup) and high ($665–$670, Barclays/UBS) price targets reflects genuine disagreement about how much of the AI GPU upside AMD can capture from NVIDIA, and how durable those gains will be given software ecosystem challenges and export control risk. The average price target of approximately $444 is roughly 15% below the June 23, 2026 last close of $519.85—suggesting the market is pricing in more optimism than the median analyst.2
Full-year 2026 consensus revenue estimates were revised upward following the Q1 2026 beat, rising from $46.8 billion to $48.4 billion, with non-GAAP EPS rising from $4.51 to $4.99.8 Analyst expectations for AMD net income growth in the next fiscal year stand at approximately 77%, well above the 39% growth forecast for the broader US semiconductor industry.8
Partnerships, Customers & Suppliers
AMD and Meta announced an expanded strategic partnership on February 24, 2026 to deploy up to 6 gigawatts of AMD Instinct GPUs, including a custom MI450-based GPU on AMD’s Helios rack-scale architecture, with shipments beginning H2 2026. Meta previously ran 100% of live Llama 405B inference traffic on AMD MI300X.7
Microsoft Azure deploys AMD EPYC CPUs across a wide range of Azure VM families and has adopted AMD Instinct MI300X GPUs for AI inference workloads, reducing Azure’s dependence on a single GPU supplier.15
Oracle deployed 50,000 AMD Instinct MI300X GPUs in its cloud infrastructure—one of the largest single-customer GPU deployments AMD disclosed—marking a major design win in the hyperscale GPU race.15
AMD secured a reported 6-gigawatt partnership with OpenAI for GPU supply, signaling that the world’s most prominent AI lab is diversifying away from sole NVIDIA dependency—a significant endorsement for AMD’s Instinct product line.15
As a fabless company, AMD relies on TSMC as its primary manufacturing partner. AMD’s most advanced products—including MI350, MI400/MI450, and EPYC “Venice” announced in June 2026—are built on TSMC 3nm and 2nm process nodes.9
Rackspace finalized an agreement to deploy 30 megawatts of AMD-powered AI compute capacity across its global data centers between late 2026 and 2028, using AMD Instinct GPUs and EPYC CPUs.9
AMD supplies custom SoCs powering the Sony PlayStation 5 and Microsoft Xbox Series X/S gaming consoles—a long-term supply relationship providing stable revenue, though console revenue declines late in a hardware cycle when no new console is imminent.
AMD acquired MEXT, an AI-native memory-optimization startup whose technology allows flash storage to operate similarly to DRAM, potentially expanding AMD’s software and system-level offerings for AI inference workloads.9
AMD’s partnership strategy centers on locking in hyperscaler commitments through multi-year supply agreements and co-development of custom silicon. The Meta deal—covering up to 6 gigawatts of AMD GPUs starting in H2 2026—is the most strategically significant: it provides AMD with a large, visible demand signal that de-risks near-term forecasts and forces the broader market to take AMD’s AI GPU ambitions seriously.7 The combined pipeline of Meta, Oracle, OpenAI, and Microsoft partnerships positions AMD as the primary alternative to NVIDIA for hyperscale AI GPU procurement.
Competition
AMD competes across multiple markets simultaneously: in server CPUs (vs. Intel), in AI/data-center GPUs (vs. NVIDIA and increasingly custom silicon from hyperscalers), in desktop/laptop CPUs (vs. Intel and ARM-based designs), in discrete gaming GPUs (vs. NVIDIA), and in FPGAs (vs. Intel Altera). The most strategically important and most contested battleground is AI GPU, where the outcome will determine whether AMD becomes a trillion-dollar company or plateaus as a strong but distant second.
| Competitor | Status | Primary Arena | Key Differentiator | Notable Metric |
|---|---|---|---|---|
| NVIDIA | Public (NVDA) | AI GPUs, gaming GPUs | CUDA software moat; H100/H200/Blackwell installed base; DGX systems | ~92% AI GPU market share6; ~$120B annual data center revenue6 |
| Intel | Public (INTC) | Server CPUs (Xeon), AI (Gaudi) | Integrated platform (CPU+GPU), x86 legacy install base, Gaudi 3 AI accelerators | AMD considered ~2 years ahead in execution per analysts6 |
| Google (TPUs) | Public (GOOGL) | Custom AI training chips (internal) | Optimized for internal workloads; cloud-first; TPU v5 available externally | Captures internal AI demand that would otherwise go to AMD/NVIDIA |
| Amazon (Trainium 2) | Public (AMZN) | Custom AI training/inference (AWS) | Trainium 2 for training; Inferentia for inference; reduces cloud COGS | AWS planning ~$200B capex in 202616; growing fraction funds internal chips |
| Qualcomm / ARM | Public (QCOM) | PC CPUs, mobile, edge AI | ARM architecture gaining PC share (Snapdragon X Elite) | Emerging x86 alternative in thin-and-light PCs; limited server relevance today |
NVIDIA’s competitive moat in AI GPUs is deep but not impenetrable. The CUDA software ecosystem—built over 15+ years of developer investment—remains AMD’s primary obstacle. ROCm (AMD’s open-source GPU programming stack) has improved substantially in 2025–2026 with expanded PyTorch and JAX support, but is still not at full parity for the most demanding LLM training configurations. For inference workloads and fine-tuning, AMD’s MI300X/MI350 have already proven competitive with NVIDIA’s H100, and hyperscalers are actively diversifying GPU supply chains to avoid NVIDIA pricing power—a structural tailwind for AMD.6
In server CPUs, AMD’s EPYC has taken meaningful market share from Intel Xeon. EPYC’s superior core count, memory bandwidth, and power efficiency have made it the preferred choice for cloud-native and HPC workloads. Intel is fighting back with its next-generation server CPU lineup, but AMD’s lead in manufacturing node (TSMC 2nm for Venice vs. Intel’s 18A node still ramping) suggests AMD’s CPU performance advantage should persist into 2027.6
The custom silicon threat from hyperscalers (Google, Amazon, Microsoft) is real but takes years to fully deploy and is limited to internal use. AMD’s partnerships—especially the Meta 6GW deal—are in part a hedge against this trend, locking in GPU supply commitments before in-house alternatives fully mature.7
Risks & the Bear Case
China represents approximately 20% of AMD’s revenue. US licensing requirements on chips like the MI325X create ongoing uncertainty. Further tightening could materially impair this revenue pool; loosening would be a significant catalyst.5
NVIDIA’s CUDA ecosystem represents 15+ years of developer lock-in. AMD’s ROCm stack is improving but not at full parity for LLM training. Customers willing to pay a CUDA premium limit AMD’s addressable AI GPU market.6
At $519.85, AMD trades well above the average analyst price target of ~$444. Any execution stumble on MI400 shipments or a revenue miss could trigger a sharp de-rating from elevated multiples.2
Google (TPUs), Amazon (Trainium 2), and Microsoft (Maia) are investing in custom AI silicon. Combined hyperscaler capex is expected to reach approximately $725 billion in 2026, a growing fraction of which funds internal alternatives to AMD and NVIDIA.16
AMD manufactures exclusively through TSMC in Taiwan. Any disruption—natural disaster, geopolitical conflict, or foundry capacity crunch—would directly impair AMD’s ability to ship products and fulfill hyperscaler commitments.
Embedded generated $3.5B in FY 2025, down 3% YoY, as industrial and communications end markets remained in inventory correction mode. A slower-than-expected recovery reduces overall revenue growth and keeps a drag on blended margins.4
Console revenue (Sony PS5, Xbox Series X/S semi-custom SoCs) declines late in a hardware cycle. With the current console generation aging and no new AMD-powered console announced, Gaming is a diminishing contributor to overall growth.
AMD’s diluted share count has grown from approximately 1.57 billion (2022) to 1.65 billion (Q1 2026), a roughly 5% increase over four years, driven by equity compensation in a competitive talent market for semiconductor engineers.13
Bear-Thesis Deep Dive
The most coherent bear case for AMD in mid-2026 is not that the company will fail—it is that the stock has already priced in success, leaving insufficient upside for the risk carried. At $519.85, AMD trades at approximately 104× trailing GAAP earnings and roughly 10.7× trailing revenue (FY 2025 revenue of $34.6 billion)—multiples that demand continued hyper-growth execution in a market NVIDIA dominates with approximately 92% share.61
Citigroup’s $248 price target—roughly half the current price—reflects this bear view in its most severe form: if AMD’s AI GPU share gains stall because ROCm cannot achieve CUDA parity for training, or if the MI400 ramp encounters yield or supply chain issues, revenue could miss the aggressive consensus estimates of $48.4 billion for 2026, triggering significant multiple compression.28 The China export control exposure (~20% of revenue) adds a binary regulatory risk that bull-case price targets implicitly assume will not materially worsen.5
A more measured bear scenario: AMD achieves solid but not spectacular AI GPU revenue of $12–14 billion in 2026 (vs. the ~$15 billion forecast), growth decelerates toward 25% in 2027 as hyperscaler custom silicon captures incremental share, and the stock compresses toward 30–35× forward non-GAAP EPS (~$4.99 consensus 2026E), implying a price of $150–175. Bulls must be right on both execution AND multiple sustainability; bears need only one to disappoint.8
Catalysts — Recent & Upcoming
Recent Catalysts (April – June 2026)
Upcoming Watch List
| Event | Expected Date | Significance |
|---|---|---|
| Advancing AI 2026 Event | July 22–23, 2026 · San Francisco | CEO Lisa Su expected to present next-generation MI450 accelerators and EPYC Zen 6 CPUs; major roadmap reveal that could move the stock significantly either direction.9 |
| Q2 2026 Earnings | ~Late July / Early August 2026 | First quarter to test the ~$11.2B guidance; focus on Data Center revenue, MI400 shipment commentary, and gross margin trajectory toward 56%.3 |
| Meta MI450 GPU Shipments | H2 2026 (per partnership agreement) | First shipments under the 6-gigawatt AMD/Meta partnership; on-time delivery will be a strong positive signal for AMD’s AI GPU execution.7 |
| US Export Control Policy Updates | Ongoing — no fixed date | Any executive action on China semiconductor licensing could add or remove significant revenue exposure (~20% of AMD revenue). Binary regulatory risk that could trigger sharp price moves.5 |
| EPYC “Venice” Volume Ramp | H2 2026 estimated | Venice ramping to volume on TSMC 2nm would validate AMD’s manufacturing leadership thesis and likely accelerate server CPU market share gains from Intel.9 |
References
- Advanced Micro Devices Stock Price Forecast — Price History StockInvest.us · June 2026
- Advanced Micro Devices (AMD) Stock Forecast and Price Target 2026 MarketBeat · June 24, 2026
- AMD Reports First Quarter 2026 Financial Results Advanced Micro Devices Investor Relations · May 5, 2026
- AMD Reports Fourth Quarter and Full Year 2025 Financial Results Advanced Micro Devices Investor Relations · February 3, 2026
- AMD CEO Lisa Su says China still accounts for about 20% of revenue despite GPU export controls Crypto Briefing · 2025–2026
- AI Chip Stocks Investment 2026: Nvidia vs AMD Analysis & Forecasts Intellectia.ai · 2026
- AMD and Meta Announce Expanded Strategic Partnership to Deploy 6 Gigawatts of AMD GPUs AMD Newsroom · February 24, 2026
- AMD’s stock soars 16% as data center growth pushes revenue and guidance past estimates CNBC · May 5, 2026
- AMD Stock Forecast | Advancing AI Event, Q2 Earnings Capital.com · June 23, 2026
- Jerry Sanders and Colleagues from Fairchild Semiconductor Found AMD History of Information · archived
- Lisa Su: The Visionary Leader Who Revived AMD and Redefined the Semiconductor Industry Alpha Spread · 2025
- AMD MI400 Series: $7.2B AI GPU Challenging Nvidia [2026] Tech-Insider.org · 2026
- AMD Shares Outstanding 2012–2026 MacroTrends · 2026
- Advanced Micro Devices, Inc. (AMD) Financial Statements Yahoo Finance · 2024
- AMD Hyperscaler Customer Deployments — AI Chip Research MLQ.ai · 2025–2026
- AI Hyperscaler Capex 2026: Microsoft, Google, Meta, Amazon $380B+ Compared ValueAdd VC · 2026