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Can Advanced Micro Devices Aid Its Data Center Revenues With GPUs?

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Key Takeaways

  • AMD's 1Q25 Data Center revenues rose 57.2% to $3.674 billion, driven by EPYC CPUs and Instinct GPUs.
  • AMD launched MI350 GPUs with 4x AI compute gains and enhanced support for top AI models.
  • Core42 began large-scale Instinct GPU deployment, powering advanced AI infrastructure in France.

Advanced Micro Devices (AMD - Free Report) is benefiting from strong demand for its Graphics Processing Units (GPUs), driven by the increasing adoption of artificial intelligence (AI) and machine learning techniques.

This growing demand is reflected in AMD’s financial performance. In the first quarter of 2025, Data Center revenues surged 57.2% year over year to $3.674 billion, accounting for 49.4% of total revenues. The surge was primarily driven by growth in AMD EPYC CPU and AMD Instinct GPU sales.

AMD is strengthening its footprint in the artificial intelligence market through an expanding portfolio. AMD recently introduced its comprehensive, end-to-end AI platform at the 2025 Advancing AI event, introducing the powerful Instinct MI350 Series GPUs with 4x generational AI compute gains. 

In June 2025, AMD unveiled its new Instinct MI350 Series GPUs and open rack-scale AI infrastructure, showcasing significant AI performance and energy efficiency advancements alongside major industry partners.

Further strengthening its GPU ecosystem in the first quarter of 2025, AMD enhanced its support for frontier AI models on Instinct GPUs with ROCm software, offering day-zero support for the latest Meta AI Llama 4 and Google Gemma 3 models.  In the reported quarter, Core42, G42’s digital infrastructure arm, began large-scale deployment of AMD Instinct GPUs. This move powers one of France’s most advanced AI compute facilities.

Advanced Micro Devices Faces Stiff Competition

AMD faces stiff competition in the GPU market from the likes of NVIDIA (NVDA - Free Report) and Intel Corporation (INTC - Free Report) .

NVIDIA is benefiting from the strong growth of artificial intelligence (AI), high-performance and accelerated computing. The growing demand for generative AI and large language models, which utilize GPUs based on NVIDIA’s Hopper and Blackwell architectures, is driving data center revenues. In the first quarter of fiscal 2026, Data Center revenues jumped 73.3% year over year and 9.9% from the previous quarter to $39.1 billion.

Intel is actively expanding its presence in the GPU market with the introduction of new Arc Pro B-series GPUs for professionals and workstations, particularly for AI inference and demanding workloads. With features such as high memory capacity, multi-GPU scalability, and extensive software compatibility, Intel aims to support creators and AI developers with powerful, reliable solutions.

AMD’s Share Price Performance, Valuation and Estimates

Advanced Micro Device shares have gained 18.9% year to date, outperforming the broader Zacks Computer & Technology sector’s return of 4.4%. However, the company has underperformed the Zacks Computer - Integrated Systems industry’s increase of 28.1%.

AMD Stock Performance

Zacks Investment Research
Image Source: Zacks Investment Research

AMD stock is trading at a premium, with a forward 12-month Price/Sales of 6.78X compared with the industry’s 3.92X. AMD has a Value Score of F.

AMD Valuation

Zacks Investment Research
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for second-quarter 2025 earnings is currently pegged at 54 cents per share, representing an 8.4% decline over the past 30 days. This indicates a 21.74% decrease year over year.

The consensus mark for 2025 earnings is pegged at $3.92 per share, which has declined 2.4% over the past 30 days, suggesting 18.43% year-over-year growth.

AMD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


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