AMD shares have risen 182.8% year to date, far outpacing the 22.7% gain of the Zacks Computer and Technology sector and the 123.1% rise of its industry, and also beating NVIDIA (22.6%), Broadcom (3.3%) and Intel (178.6%). The rally is driven by AI infrastructure spending, demand for EPYC server CPUs and Instinct accelerators, and expanding hyperscaler deployments. Data Center revenue jumped 107% year over year to a record $6.7 billion in the second quarter of 2026, accounting for 58% of total revenue. For the third quarter of 2026, AMD guided to revenue of about $13 billion, plus or minus $300 million. The article also flags supply constraints and intense competition from NVIDIA, Broadcom and Intel as key risks.
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