AMD Reports Significant Growth in Data Center Revenue
Advanced Micro Devices (NASDAQ: AMD) reported a record revenue of $11.5 billion for the second quarter of 2026, marking a 50% increase from the previous year. Notably, its data center business accounted for over half of this total, contributing $6.7 billion in revenue with a staggering growth rate of 107%. CEO Lisa Su projects that the AI data center chip market could grow to $1.4 trillion annually by 2030, indicating substantial future potential for AMD.
AMD is also gaining traction in the competitive landscape of AI data center chips, now supplying companies like Oracle, Microsoft, and OpenAI. The new MI450 series GPUs, expected to ship within the next few months, promise to provide a performance boost of up to 15% and a cost efficiency improvement of 30% compared to leading alternatives. AMD’s stocks have surged approximately 200% in the past year, currently trading at a price-to-earnings ratio of 83.6, which is more than double that of Nvidia.
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