AMD Stock Surges on AI Data-Center Ambitions
AMD shares rallied 9% following bullish projections at its Analyst Day, where CEO Lisa Su outlined a $1 trillion total addressable market for AI data centers by 2030. The chipmaker aims to capture $100 billion in annual data-center revenue within five years, positioning its MI450 and MI500 accelerators as key challengers to Nvidia's dominance.
While no new customer announcements emerged—consistent with industry disclosure norms—Su confirmed expectations for multiple gigawatt-scale deployments beyond OpenAI during the MI450 rollout window. Cowen analyst Joshua Buchalter sees AMD entering the adoption inflection point with its third-generation Instinct platform, though the bulk of earnings upside hinges on late-2026 execution.