AMD Stock Rises 3% as CFO Projects Data Center Business Will Double by 2027

Key Facts

1AMD CFO Jean Hu projected that the company's data center business will double by 2027.

2Bank of America data indicated increasing institutional ownership of AMD and other semiconductor stocks.

Amid the intensifying race for artificial intelligence capabilities and digital infrastructure expansion, AMD shares rose 3% following robust growth projections. Chief Financial Officer Jean Hu projected that the company's data center business is set to double by 2027, reflecting management's confidence in long-term demand. These statements reinforce positive expectations regarding the company's ability to capture a larger share of the advanced processor market.

According to Bank of America data, semiconductor stocks, led by AMD, have seen an increase in institutional ownership, signaling position accumulation by major asset managers. Looking at peer performance per market data, NVDA closed at $224.088 and TSM at $434.97 on September 9, 2026, while INTC stood at $104.47 at the close of September 8, 2026.

AMD shares closed at $505.74 (as of September 8, 2026), after reaching a daily high of $512.36. Traders are monitoring support levels near the recent daily low of $486.57 to gauge the sustainability of the upward momentum. With no immediate major economic catalysts in the upcoming calendar, focus remains on institutional flows and data center segment developments as primary price drivers.