In its fiscal 2025 third quarter, AMD reported earnings per share of $1.20, exceeding analyst expectations by $0.04, and revenue of $9.25 billion, surpassing estimates by $500 million. Data center revenue reached a record $4.3 billion, up 22% year-over-year. Client processor sales of $2.9 billion and gaming segment revenue of $1.3 billion grew 46% and 181% respectively, highlighting strong demand across enterprise and consumer markets.

AMD’s MI300 series GPUs are positioned as the primary alternative to Nvidia’s leading AI accelerators, offering comparable performance at roughly one-quarter of the price. With Nvidia’s cloud GPU capacity fully utilized, hyperscale AI customers are evaluating MI300 for additional procurement, giving AMD a clear path to capture incremental market share in data-center AI workloads.

Under CEO Dr. Lisa Su, AMD has pursued targeted acquisitions to build an end-to-end AI computing stack. The $4.9 billion purchase of ZT Systems adds data-center architecture expertise, complementing prior buys such as cloud-solution provider Pensando Systems and AI lab Silo.AI. Looking ahead, AMD plans to expand its Ryzen architecture into automotive and IoT applications while continuing to iterate its MI-series GPUs for next-generation AI performance.

In the third quarter, Harel Insurance Investments & Financial Services reduced its AMD stake by 2.9%, selling 4,050 shares and holding 134,202 shares valued at $21.7 million. Other institutions collectively own over 71% of AMD stock, with a mix of recent increases—such as a 39.7% boost by ORG Wealth Partners—and concentrated positions by hedge funds, underscoring strong confidence among large investors.