$AMD

Analysts upgraded Applied Materials (AMAT) citing AI-driven demand and undervaluation, while downgrading Tesla (TSLA) over automotive stagnation and margin pressure. AMD was also downgraded due to a high P/E ratio without comparable growth.

AMD's stock surged 10% to a record high, pushing its market value past $1 trillion for the first time. The company's data center revenue more than doubled to $6.7 billion in Q2, driven by AI demand. AMD's CEO, Lisa Su, attributed the growth to increased compute demand across markets. The company has secured major AI deals with Anthropic, OpenAI, and Oracle. AMD's stock is up 185% this year and nearly 300% in 12 months.

Advanced Micro Devices (AMD) reached a $1 trillion market cap on Sept. 21, up 187% YTD. AMD is positioning itself in the AI inference market, which Bloomberg Intelligence predicts will be twice the size of the training market by 2032. The company has secured large GPU deals with OpenAI, Meta Platforms, and others, though it issued warrants and took stakes in exchange. AMD is also a leader in the data center CPU market, aiming for 50% market share.

Tributary Capital Management's Q2 2026 investor letter notes that Advanced Micro Devices (AMD) was added to its Multi Cap Core Equity Strategy. AMD, a semiconductor company, closed at $614.61 per share on September 23, 2026, with a market cap of $1.003 trillion. The stock returned 28.94% over the past month and 281.11% over the past year. TCM highlights AMD's potential in CPUs and GPUs, positioning it as a viable alternative to Nvidia.

SemiAnalysis' Dylan Patel claims AMD's Zynq UltraScale+ XCZU47DR RFSoC chips are being sold in China at a fraction of the U.S. price, violating export controls. AMD denies direct sales to China and investigates diversion cases. The chips, used in radar and communications, require U.S. export licenses for China. Patel calls for an investigation into AMD for potential treason.

Advanced Micro Devices (AMD) received validation from MindWalk Holdings for its Instinct GPUs and inference microservices in life sciences workloads. AMD also launched the Backline platform with Xanadu Quantum Technologies for quantum-classical communication. These developments support AMD's strategy to expand into AI infrastructure beyond cloud workloads.

Northland Capital Markets downgraded AMD to 'Market Perform' with a $260 price target, citing competition from Intel and NVIDIA. AMD shares fell 3% on Monday. The company reports Q1 earnings on May 5, with revenue and EPS estimates at $9.88B and $1.28, respectively. DA Davidson upgraded AMD to 'Buy' with a $375 price target, citing Intel's performance.

AMD's market cap surpassed $1 trillion after a 25% weekly surge, driven by Data Center revenue doubling to $6.7B and Q3 guidance at $13B. The company trades at 36x forward earnings, with a $522 price target from 24/7 Wall St., implying a 14% downside. CEO Lisa Su projects Data Center revenue to more than double by 2027, with significant AI-related growth potential.

AMD and Intel have seen significant stock gains due to growing demand for AI data center chips. AMD's stock is up 285% and Intel's 322% in the past year. AMD's diversified product lineup and market share gains position it strongly. Intel leads in server CPU market share but trades at a higher valuation. Analysts expect AMD's growth to accelerate, while Intel's may slow.

AMD gained market share in AI with orders from OpenAI and Oracle. Q2 revenue rose 50.1% YOY to $11.54B, beating estimates. Data center revenue grew over 100% YOY. AMD plans a 10% price increase on select chips to offset higher costs and expand margins. The company has a strong balance sheet and a $6B share repurchase program.