Amd Stocks Rise 13.3% After $10.25 Billion Revenue
amd stocks rose 13.3% this week after Advanced Micro Devices reported 38% first-quarter revenue growth to $10.25 billion, led by a 57% jump in data center sales to $5.8 billion. For holders, the move turned a strong quarterly print into a fresh valuation test: AMD now carries a market cap of about $660 billion.
AMD Data Center Sales Jump 57%
57% growth in data center sales gave the quarter its sharpest signal. AMD said the segment reached $5.8 billion as it signed numerous deals with hyperscaler AI companies, a sign that the chipmaker’s AI business is doing more of the work behind the top-line gain than its personal computing side.
38% overall revenue growth to $10.25 billion was the broader proof point. The company’s first quarter showed demand across its chip business, but the data center number carried the weight because it points to where the fastest expansion is coming from inside the company.
Meta Platforms Adds One Gigawatt
One gigawatt of supply is the next concrete step AMD laid out with Meta Platforms for the second half of this year. The company also said on its conference call that it has secured contracts across its supply chain, which suggests the order book is extending beyond a single quarter and into production planning.
46% projected revenue growth in the second quarter gives the stock its near-term check. AMD said it expects continued demand through the year, but the shares are already priced for a lot of that momentum: the stock traded at a price-to-sales ratio of 18 and a price-to-earnings ratio of 134.
What 18 and 134 Say
18 on price-to-sales and 134 on price-to-earnings put the valuation under a brighter light than the revenue headline alone. If AMD keeps converting AI demand into shipments, those multiples can hold; if growth slips, the market has less room to overlook the price investors are already paying.
13.3% weekly share gains leave traders with a simple read: the quarter was strong enough to justify more optimism, but not cheap enough to remove the burden of proof. The next test is whether the second quarter gets close to that 46% growth target while the Meta build and other hyperscaler deals move from announcements into revenue.
