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AMD Gains Traction in AI Infrastructure Market: A Sign of More Upside?

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Key Takeaways

  • AMD's Q2 2025 revenue hit $7.7B, up 32% year over year on strong EPYC and Ryzen demand.
  • The launch of Instinct MI350 GPUs highlights AI performance and energy efficiency gains.
  • Expanded deals with Oracle and Cohere bolster AMD's AI infrastructure and enterprise reach.

Advanced Micro Devices (AMD - Free Report) is benefiting from strong traction in the AI infrastructure market, driven by its advanced product portfolio and strategic investments in AI hardware and software. 

The company’s focus on high-performance computing solutions, particularly its EPYC processors and Instinct GPUs, has positioned it as a key player in the rapidly growing AI and data center markets. In the second quarter of 2025, AMD reported record revenues of $7.7 billion, a 32% year-over-year increase, driven by strong demand for its EPYC and Ryzen processors, as well as the ramp-up of its MI350 series GPUs.

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

AMD’s partnerships with major players, such as Oracle, which is building a 27,000-node AI cluster powered by AMD’s CPUs, GPUs, and SmartNICs, further underscore its growing presence in the AI space.

Further expanding its portfolio, AMD recently expanded its global partnership with Cohere. This collaboration brings AMD Instinct GPU-powered infrastructure to Cohere’s enterprise AI services, integrating Cohere’s North platform into its own AI workloads. The goal of this partnership is to provide secure, high-performance, and cost-effective AI solutions for businesses and sovereign AI projects around the world.

AMD Suffers From Stiff Competition

Advanced Micro Devices suffers from stiff competition from the likes of NVIDIA (NVDA - Free Report) and Intel Corporation (INTC - Free Report) , which are also expanding their footprint in the AI Infrastructure space.

NVIDIA is benefiting from the strong growth of artificial intelligence (AI) and high-performance accelerated computing. The increasing demand for generative AI and large language models that utilize graphics processing units (GPUs) from NVIDIA’s Hopper and Blackwell architectures is driving up data center revenues. In the second quarter of fiscal 2026, Data Center revenues jumped 56% year over year and 5% from the previous quarter to $41.1 billion. 

Intel is gaining solid market traction in the AI infrastructure market. Super Micro Computer, a global leader in high-performance, energy-efficient IT solutions, has opted to deploy Intel’s Xeon 6 Processors in its 4-socket servers for large-scale database and enterprise applications. Intel has also revealed that several industry leaders across industries, including AT&T, Verizon, Samsung, and Ericsson, are leveraging Xeon 6 for network transformation and AI acceleration.

AMD’s Share Price Performance, Valuation, and Estimates

Advanced Micro Devices shares have gained 33.1% year to date, outperforming the broader Zacks Computer & Technology sector’s return of 21.7%. However, it has underperformed the Zacks Computer-Integrated Systems industry’s increase of 41.3%.

AMD Stock's Performance

Zacks Investment Research
Image Source: Zacks Investment Research

AMD stock is trading at a premium, with a forward 12-month Price/Sales of 7.01X compared with the industry’s 3.92X. AMD has a Value Score of F.

Price/Sales (F12M)

Zacks Investment Research
Image Source: Zacks Investment Research

The consensus mark for 2025 earnings is pegged at $3.95 per share, which has increased by a penny over the past 30 days, suggesting 19.34% year-over-year growth.

Advanced Micro Devices 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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