AMD Tops $1 Trillion on 9.9% Rally as AI Deals and $11.5 Billion Revenue Lift Shares
Updated
Updated · Yahoo Finance · Sep 22
AMD Tops $1 Trillion on 9.9% Rally as AI Deals and $11.5 Billion Revenue Lift Shares
3 articles · Updated · Yahoo Finance · Sep 22
Summary
$1 trillion was crossed for the first time Monday as AMD shares jumped 9.9%, capping a 185% year-to-date surge that has outpaced Nvidia's 22% gain.
$11.5 billion in second-quarter revenue and record non-GAAP EPS of $1.66 beat forecasts, driven by data-center sales that more than doubled to $6.7 billion on EPYC CPUs and Instinct AI accelerators.
New AI products helped fuel that momentum: AMD unveiled MI450 GPUs, 6th Gen EPYC Venice CPUs and Helios rack-scale systems aimed at training and running large AI models.
Microsoft will deploy Helios on Azure AI services in the second half of 2026, while Anthropic plans up to 2 gigawatts of MI450-based Helios capacity from early 2027 in a deal AMD said could be worth tens of billions.
AMD also pledged up to $5 billion to Anthropic, underscoring Lisa Su's push to turn the company into Nvidia's strongest AI-infrastructure challenger.