Overview
- AMD shares jumped about 18% to a record on Wednesday after the company issued a stronger AI-driven sales outlook.
- The chipmaker posted first-quarter net income of $1.38 billion, up 95% from a year ago, on revenue of $10.25 billion, up 38%.
- AMD guided second-quarter revenue to about $11.2 billion at the midpoint, which implies roughly 46% year-over-year growth.
- CEO Lisa Su said accelerating AI infrastructure orders made Data Center the main growth engine, and she cited rising demand for MI450 and Helios accelerators as AMD scales supply.
- Analysts highlighted the shift, with Goldman Sachs upgrading the stock to buy and Counterpoint noting data-center revenue rose 57% to $5.8 billion, now 56% of sales.