Advanced Micro Devices delivered a 77% stock gain in 2025, nearly doubling Nvidia’s 39% advance. This divergence accelerated in the year’s second half as AMD built on robust demand for its server CPUs and GPUs. The stock’s strong run reflects investor confidence in AMD’s ability to capture market share in high-performance computing after several years as the perennial challenger.

In mid-2025 AMD secured a multi-year agreement with OpenAI to power next-generation AI infrastructure, committing to deploy 6 gigawatts of compute capacity. CEO Lisa Su described the deal as a “true win-win” that cements AMD’s position in hyperscale data centers. The company’s Data Center segment generated record revenues, including $4.3 billion in Q3 2025—up 22% year-over-year—driven by strong uptake of 5th Gen EPYC processors and Instinct accelerators.

At CES 2026 AMD unveiled its MI400 family of AI inference accelerators, including Helios racks designed for exascale deployments. These new products emphasize performance-per-dollar advantages over competing GPUs, enabling AMD to gain share in inference workloads where energy efficiency is critical. Management forecasts data center revenue to grow at a greater than 60% CAGR over the next several years, underscoring confidence in this high-growth market.

AMD is set to report Q4 2025 results in early February, with consensus estimates anticipating 26% year-over-year revenue growth to $9.65 billion and EPS of $1.32—a 21.1% increase versus the prior year. The Zacks Consensus Estimate has risen 0.76% in the past 60 days, and the company holds a Zacks Rank #3 (Hold) with a +2.01% Earnings ESP, suggesting a strong potential for another positive surprise when results are released.