AMD stock reaches $1 trillion as AI revenue accelerates
Published on 09/23/2026 at 14:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Advanced Micro Devices (ISIN US0079031078) closed at USD 623.77 on the Nasdaq on September 22, 2026, gaining 1.34 percent as its market capitalization reached approximately USD 1.01 trillion. The valuation milestone follows second-quarter results showing that AMD's data center business has become the main growth engine.
Data center revenue more than doubles
According to Business Insider on September 22, 2026, AMD reported second-quarter revenue of USD 11.5 billion, up 50 percent year over year. Data center revenue reached USD 6.7 billion, up 107 percent year over year and representing 58 percent of company revenue in the quarter.
The earnings mix matters more than the headline sales figure. Data center revenue exceeded half of group revenue, giving server processors and Instinct accelerators a larger role in AMD's results than in the comparable period a year earlier.
Margins and guidance set the test
Business Insider also reported that AMD posted second-quarter GAAP gross margin of 54 percent, GAAP net income of USD 2.3 billion and diluted GAAP earnings per share of USD 1.38. On a non-GAAP basis, gross margin was 56 percent, net income was USD 2.8 billion and diluted earnings per share was USD 1.66.
For the third quarter of 2026, AMD guided to revenue of approximately USD 13 billion, plus or minus USD 300 million, which implies year-over-year growth of approximately 41 percent at the midpoint, according to Business Insider. That guidance creates a concrete checkpoint: AMD must convert AI infrastructure demand into revenue while protecting a 54 percent GAAP gross margin base.
Valuation now carries more weight
MarketBeat listed AMD at USD 623.77 at the Nasdaq close on September 22, 2026, with a consensus rating of Moderate Buy and an average 12-month price target of USD 565.13 based on 47 analyst ratings. The target is below the closing price, making execution and future earnings growth central to the valuation debate.
AMD's shares traded between USD 606.31 and USD 624.52 on September 22, 2026, according to the Nasdaq closing report carried by Ad-hoc-News. The combination of a USD 1 trillion market value and a consensus target below the latest close leaves the market relying on continued data center expansion rather than on the recent quarter alone.
AMD stock stays tied to execution
AMD stock closed at USD 623.77 on the Nasdaq on September 22, 2026, after the 1.34 percent daily gain. The next quantitative test is the third-quarter revenue guide of approximately USD 13 billion, while the latest reported quarter delivered USD 11.5 billion of revenue and USD 6.7 billion from data center operations.
AMD stock at a glance
- Company: Advanced Micro Devices, Inc.
- ISIN: US0079031078
- Ticker: AMD
- Trading venue: Nasdaq
- Price as of September 22, 2026: USD 623.77
- Market capitalization: approximately USD 1.01 trillion as of September 22, 2026
- Sector / Industry: Information Technology / Semiconductors
- Index membership: Nasdaq-100 and S&P 500
