AMD Stock Surges Nearly 100% YTD as AI Chip Demand Boosts Ownership Profile
Advanced Micro Devices (AMD) shares have nearly doubled year-to-date, driven by robust demand for its data center products and a strengthening position in the AI chip market. Strategic partnerships with OpenAI and Oracle, coupled with better-than-expected Q3 results, underscore the sustained appetite for its AI hardware. The company's ambitious long-term goals, including accelerated revenue growth and a larger AI chip market share, were highlighted at its Financial Analyst Day.
Analysts have responded by raising price targets and reaffirming Buy ratings, positioning AMD as a key beneficiary of the expanding AI infrastructure trend. Ownership data reveals public companies and individual investors hold 51.75% of AMD, followed by ETFs (27.39%), mutual funds (15.63%), other institutional investors (4.79%), and insiders (0.44%). Vanguard leads as the top shareholder with an 8.23% stake.
