Advanced Micro Devices’ market value hits $840 billion as data center revenue jumps 57% year-over-year amid AI-driven growth.
Advanced Micro Devices (NASDAQ: AMD) has surged to a market capitalization of $840 billion, driven by strong demand for its AI chips in data centers. The company’s stock has more than doubled year-to-date, reflecting investor confidence in its long-term growth strategy.
First-quarter revenue grew 38% year-over-year, with data center revenue climbing 57%. Data centers now account for over half of AMD’s total sales, signaling sustained momentum as AI infrastructure expands. The company follows Micron and Broadcom, which recently crossed the $1 trillion milestone.
AMD’s turnaround contrasts with its past struggles, as it capitalizes on the AI boom and secures backing from major tech firms. Analysts expect the data center build-out to continue fueling revenue acceleration in coming quarters.