AMD (NASDAQ: AMD) Stock Surges 320% Over Last Year Amid AI Growth

Shares of Advanced Micro Devices (AMD) increased over 320% in the past year, driven by strong demand for processors tied to artificial intelligence applications. In the same timeframe, Nvidia (NVDA) saw an 82% rise, while the S&P 500 gained 32%. AMD reported a 38% revenue growth to $10.3 billion in Q1 and a 57% increase in data center sales to $5.8 billion. The company raised its Q2 revenue guidance to $11.2 billion, a 46% increase from previous estimates, and updated its server CPU total addressable market to $120 billion by 2030.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.