AMD Shares Hit New All-Time High of $430 Amid Data Center Growth Surge

Advanced Micro Devices (AMD) shares reached a new all-time high of $430, fueled by robust Q1 results where revenues surged 38% year-over-year to $10.25 billion. The company reported an adjusted EPS of $1.37, representing a 42.7% year-over-year increase and beating consensus estimates. Data center sales hit a record $5.78 billion, with segment operating margins expanding to 28%, driving significant operating leverage. Free cash flow reached an all-time high of $2.56 billion, while non-GAAP gross margins rose to 55%. Management further bolstered sentiment by raising the server CPU Total Addressable Market (TAM) growth forecast to over 35% annually. This performance led Goldman Sachs to raise its price target to $450, reflecting deep confidence in AI infrastructure demand.