Overview
- The S&P 500 fell about 5% in March as higher oil prices and tensions in the Middle East raised recession fears.
- AMD still gained 2.5% for the month, with Arm shares also finishing higher despite the broader drop.
- Coverage links the strength to agentic AI, which leans on CPUs for step-by-step decisions, tool calls, and memory control rather than only raw GPU power.
- AMD says its MI450 GPUs will start shipping in the second half of 2026, with the company touting large performance gains versus its prior chips.
- Helios, AMD’s rack that pairs MI450 with memory and software, is marketed as offering 50% more memory than Nvidia’s upcoming Vera Rubin system, and early MI450 customers reportedly include Meta and OpenAI planning multi‑gigawatt rollouts over several years.