AMD Is Up 149% Year to Date. Is the AI Chip Rally Getting Dangerously Crowded, or Is There Still Room to Run?
Key takeaways
- AMD Let me get the obvious thing out of the way: Yes, Advanced Micro Devices (NASDAQ: AMD) is up around 149% year to date.
- In the first quarter of 2026, Advanced Micro Devices posted $10.3 billion in revenue -- up 38% year over year -- with data center revenue of $5.8 billion, up 57%.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
AMD Let me get the obvious thing out of the way: Yes, Advanced Micro Devices (NASDAQ: AMD) is up around 149% year to date. Yes, the stock price crossed $550 this week. Yes, a lot of people who didn t own it at the start of the year are now looking at the chart and wondering if they re buying someone else s gains.
I get all that. But I think walking away here is a mistake. I also think going all in here is a big mistake. In the first quarter of 2026, Advanced Micro Devices posted $10.3 billion in revenue -- up 38% year over year -- with data center revenue of $5.8 billion, up 57%. Non-GAAP (adjusted) earnings per share came in at $1.37, operating income hit $2.5 billion, and free cash flow reached a record $2.6 billion for a single quarter -- more than 3 times the $727 million it generated in Q1 2025.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »