+1.10% to $470.72 from $465.58
What moved AMD
- AMD, Cisco and HUMAIN said AMD Instinct systems went live as part of the expansion of Saudi Arabia’s AI infrastructure.
- AMD partnered with Saudi Arabia’s Ministry of Communications and Information Technology and the Digital Cooperation Organization to launch an open developer ecosystem aimed at advancing AI innovation.
- Separately, AMD Instinct MI430X GPUs and sixth-generation EPYC CPUs will power the LUMI-AI system, expanding AI and high-performance computing capacity for researchers and industry across Europe.
Sources: AMD Newsroom
-0.89% to $476.67 from $480.93
What moved AMD
- Kodiak AI said it is the first company to deploy AMD EPYC processors in its hardware platform, using them to aggregate sensor data and support path-planning for its seventh-generation driverless truck platform.
- AMD said the EPYC chips deliver meaningfully higher clock speeds at lower power consumption than the prior-generation device used in Kodiak’s trucks.
- Kodiak is working toward launching driverless trucks on public highways later this year, building on its current driverless fleet operating in the Permian Basin.
- Separately, AMD shipped ROCm 10.0, marking the tenth anniversary of its open-source GPU compute stack and introducing ROCm.AI, a new AI-native developer experience aimed at agentic AI workloads.
Sources: The Trucker · GlobeNewswire · Phoronix
+0.81% to $473.25 from $469.45
What moved AMD
- BMO Capital Markets analyst Harsh Kumar initiated coverage of AMD with a bullish rating, saying the company is nearing a transition into a complete AI infrastructure provider spanning GPUs, CPUs, DPUs and full-rack systems.
- Kumar highlighted AMD’s Helios AI rack, expected to begin shipping in September 2026, as the closest competitor to Nvidia’s NVL72, noting Helios design wins already secured with OpenAI, Meta and Anthropic.
- The AMD initiation was part of a broader BMO semiconductor coverage launch that also included bullish calls on Marvell and Semtech.
Sources: Benzinga · Investing.com
+0.02% to $483.01 from $482.93
What moved AMD
- AMD raised $4.75 billion in its biggest-ever US dollar bond offering, selling high-grade notes in four tranches with maturities from three to 10 years, adding to a wave of AI-linked debt issuance
- At its Technology Leadership Forum 2026, AMD outlined an accelerated data-center strategy, with its early-2027 server revenue outlook roughly 20% larger than the entire 2025 server market
- AMD announced a $10 billion investment in Taiwan’s technology ecosystem, focused largely on back-end manufacturing capacity
- AMD shares finished the session up about 1.8%
Sources: Bloomberg · Benzinga · JournalArta
+7.00% to $518.58 from $484.64
What moved AMD
- Q2 revenue hit a record $11.536 billion, up 50% year over year and above the $11.284 billion analysts expected.
- Adjusted earnings per share were $1.66, ahead of the $1.62 consensus estimate.
- Data-center segment revenue more than doubled to $6.7 billion, up 107% year over year and now over 58% of total revenue versus 42% a year earlier.
- Shares fell in after-hours trading, with one report showing a decline of about 5.5% to $490.18, as investors judged the beat solid but not a blowout.
- CEO Lisa Su said the company enters the second half with strong momentum as Epyc demand accelerates, Instinct deployments scale, and Helios begins to ramp.
Sources: Benzinga · Yahoo Finance