AMD stock rose nearly 5% on May 28, 2026. The share price reached a new 52-week high exceeding $520.
A Wolfe Research report identified AMD as a primary beneficiary of the expanding CPU market. Analysts project AMD's server CPU revenue could reach $44 billion by 2028. Increasing demand from artificial intelligence workloads drives this growth forecast.
The company reported a 57% year-over-year increase in first-quarter 2026 data center revenue. Wall Street sentiment reflects confidence in the broader AI-driven semiconductor boom.
AMD also announced that Rocket One joined its AI Developer Program. Rocket One develops AI semiconductor technology.