NEW YORK — Advanced Micro Devices Inc. shares skyrocketed more than 15% in early trading Wednesday, May 6, 2026, after the semiconductor giant delivered stronger-than-expected first-quarter results and raised expectations for continued explosive growth driven by surging artificial intelligence infrastructure demand.

AMD stock climbed as high as 409.77, up more than 54 points or 15.34% in morning trade, extending a remarkable run that has seen the chipmaker's shares more than triple over the past year. The move pushed AMD's market capitalization well above $650 billion, cementing its status as one of the standout performers in the AI-fueled semiconductor boom.

The rally comes one day after AMD reported fiscal first-quarter 2026 results that beat Wall Street forecasts across the board. Revenue reached $10.25 billion, up 38% from a year earlier and ahead of the $9.89 billion consensus estimate. Adjusted earnings per share hit $1.37, topping expectations of around $1.29.

Data Center Dominance Powers Growth

Data center revenue — AMD's fastest-growing segment — surged 57% year-over-year to $5.8 billion, fueled by strong sales of EPYC server processors and Instinct GPUs. CEO Dr. Lisa Su highlighted accelerating demand for high-performance computing in inferencing and agentic AI workloads.

"We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure, with Data Center now the primary driver of our revenue and earnings growth," Su said in the earnings release. "We are seeing strong momentum as inferencing and agentic AI drive increasing demand for........

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