AMD Shares Surge in Best Month Since 2001 as Meta Raises AI Capex to $145B
Advanced Micro Devices registered its strongest monthly share gain since January 2001 as the Nasdaq Composite rallied 15% in April, driven by large-cap technology stocks. Major hyperscalers including Meta increased AI infrastructure spending to $125–145 billion, boosting AMD chip demand through billion-dollar deals with Nvidia and Broadcom.
1. Nasdaq-Led Rally
Advanced Micro Devices recorded its strongest monthly performance since January 2001, coinciding with a 15% jump in the Nasdaq Composite during April that outpaced a 10% gain in the S&P 500 and a 12% rise in the Russell 2000, as large-cap technology stocks led the market rally.
2. Hyperscaler AI Spending
Major technology firms such as Meta lifted their full-year AI infrastructure capital expenditure outlook to between $125 billion and $145 billion for 2026, executing billion-dollar agreements with AMD alongside Nvidia and Broadcom for data-center and server processors, underpinning stronger revenue prospects for AMD.