AMD's stock has risen 142% in 2026 so far and more than 330% over the past five years, amid expectations that CPUs will play a bigger role in AI computing. Speaking at the Citi 2026 Global TMT Conference, CFO Jean Hu said AMD sees its total addressable market (TAM) reaching $2 trillion to $3 trillion by 2030, compared with her earlier estimate of roughly $2 trillion for its semiconductors and other products. The figure reflects the total market size its products can serve rather than expected revenue. In the second quarter, AMD's revenue rose 50% year over year to $11.5 billion, with data center sales up 107% to $6.7 billion on demand for its EPYC CPUs and Instinct GPUs. While Nvidia leads the ultra-high-end GPU market for training AI models, AMD has been gaining ground and winning server CPU share from Intel.
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▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/27/2026 | 217.88 |
| Change that session | +0.87% |
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