The company has inked data center megadeals with major players such as Meta Platforms and OpenAI, while also enjoying “strong momentum” thanks to growing demand for CPUs and accelerators, according to company statements.
Going forward, AMD has guided for Q2 2026 revenue of $11.2 billion (plus or minus $300 million). That would reflect year-over-year growth of 46%, while non-GAAP gross margin is expected to be some 56%.
Though AMD gave back some of its gains last week, there’s no denying that it’s had a year to remember.
Top investor Keithen Drury isn’t convinced, and even goes so far as to call AMD “incredibly overvalued” after its stellar performance year-to-date.
“While some of that gain was earned, the rest of it is a real head-scratcher,” states the 5-star investor, who is among the top 4% of stock pros covered by TipRanks and a writer for The Motley Fool.
