AMD's surging Data Center demand and stronger technical momentum give it an edge over Broadcom, despite both benefiting from AI growth.
AMD and Intel stocks edged higher in Wednesday premarket trading as investors returned to semiconductor names ahead of Nvidia's earnings report. AMD gained 0.4% and Intel about 0.6%, while European chip stocks were mixed.
Shares of Advanced Micro Devices were climbing Tuesday after an analyst upgraded the stock and highlighted the company's strength over competitors in the booming market for server central processing units.
Advanced Micro Devices, Inc. delivered record Q2 results and robust guidance, but shares fell as lofty expectations and competitive risks weighed on sentiment. Helios ramp, major AI deployments with OpenAI, Meta, Anthropic, and Microsoft, and data center growth underpin the bullish long-term thesis. Competitive risks persist as customers develop in-house chips and SpaceX commits exclusively to Nvidia, challenging AMD's future merchant GPU demand.
As Advanced Micro Devices Inc. (NASDAQ: AMD) stock surged over 113% year-to-date (YTD) propelled by the Artificial Intelligence (AI) boom, Simon Leopold, a Wall Street analyst at Raymond James, expects this company's stock price to reach a new all-time high (ATH) during the next 12 months.
Shares of Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) and Intel (NASDAQ:INTC) are each up 3% early Tuesday on two unrelated, name-specific catalysts, while the broader chip group rides sector strength at roughly a third of that pace.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and AMD (NASDAQ:AMD) closed AI-heavy quarters that reset the champion-challenger story.
Advanced Micro Devices is upgraded to a "Buy" as management signals a tipping point in AI-driven growth. AMD's data center revenue surged 107% YoY, now comprising nearly 60% of total revenues, with margins expanding sharply. Management expects revenue growth to substantially exceed prior 35% targets, citing accelerating AI adoption and market expansion.
Advanced Micro Devices has surged 99% since February 2026, driven by strategic wins in AI and data center markets. AMD's recent MI400 GPU and Helios rackscale solution target the lucrative AI inference market, encroaching on Nvidia's (NVDA) stronghold. Despite a recent 10% pullback, AMD's holistic stack efficiency and open-source customizability offer a longer growth runway than NVDA's GPU-centric approach.
August is closing with the AI infrastructure trade wobbling but intact.
AMD (NASDAQ: AMD | AMD Price Prediction) and NVIDIA (NASDAQ: NVDA) both just delivered post-earnings reports that reframe the
Elon Musk's decision to build SpaceX's (NASDAQ:SPCX | SPCX Price Prediction) AI infrastructure around NVIDIA's (NASDAQ:NVDA) Vera Rubin platform, reportedly claiming 20% of NVIDIA's next-platform capacity, is the kind of headline that makes AMD bulls nervous.