AMD Stock Surges on Revised AI Market Outlook and Data-Center Ambitions
Advanced Micro Devices shares rallied 6% as the chipmaker unveiled aggressive three-to-five-year targets, projecting a $1 trillion data-center market by 2030—double its prior estimate. The revised outlook reflects accelerating demand for AI compute infrastructure, with management positioning AMD as a formidable challenger to Nvidia in accelerators and complementary silicon.
Wall Street remains divided on AMD's ability to replicate its Intel-disruption playbook against Nvidia's dominance. Updated margin guidance and revenue growth projections suggest the company is betting heavily on integrated AI systems—from chips to software—to capture market share.