AMD’s Q1 data center revenue surged to $5.775 billion, fueled by massive AI infrastructure contracts with Meta and OpenAI.
AMD reported a 57% year-over-year increase in Q1 data center revenue, reaching $5.775 billion, driven by 6-gigawatt GPU supply deals with Meta and OpenAI. The agreements, totaling 12 gigawatts of compute capacity, position AMD as a key supplier for large-scale AI infrastructure buildouts.
The company’s data center growth outpaced rivals, with AMD shares rising 274% over the past year, compared to NVIDIA’s 24% gain and Intel’s earnings decline. Meta’s custom MI450-based GPUs will power the first 1-gigawatt tranche, signaling long-term demand for AMD’s AI accelerators.
Market reaction remains focused on AMD’s ability to sustain momentum amid a $300 billion AI investment landscape. The deals underscore hyperscalers’ commitment to diversifying beyond NVIDIA, though AMD’s exclusion from a recent top AI stock list highlights lingering competition.