Advanced Micro Devices (AMD) expands its AI portfolio with the MI300 series accelerator family, supporting up to 192 GB of HBM3 memory for generative AI workloads. Data center revenues surged 57.2% YoY to $3.674 billion in Q1 2025. Meta Platforms deploys AMD Instinct MI300X for AI inference. AMD faces competition from Intel and NVIDIA in the data center AI chip market.

Intel launches AI chips for data centers and PCs, aiming to gain traction in the AI sector. NVIDIA benefits from AI, high-performance computing, and accelerated computing growth. Data center revenues surged 73.3% YoY in Q1 2026 to $39.1 billion. Both Intel and NVIDIA pose strong competition for AMD in the data center AI chip market.

AMD stock has gained 28.8% YTD, outperforming the Computer & Technology sector. Trading at a premium, AMD’s forward Price/Sales ratio is 7.29X. The Zacks Consensus Estimate for Q2 2025 earnings is 47 cents per share. The consensus mark for 2025 earnings is $3.82 per share, indicating 15.41% YoY growth.

AMD currently holds a Zacks Rank #4 (Sell). Zacks offers access to its portfolio services for $1, allowing members to explore picks like Surprise Trader, Technology Innovators, and more. Download the free report on 7 Best Stocks for the Next 30 Days. Intel Corporation (INTC) and NVIDIA Corporation (NVDA) also offer free stock analysis reports on Zacks Investment Research.

Read more at Nasdaq: AMD’s AI Chips Gain Ground in Data Centers: A Sign for More Upside?