StocksMediumUpdated×5•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
AMD Shares Climb on Earnings Beat and Robust 2027 Revenue Growth Forecast
Key Facts
1AMD shares jumped 5% in after-hours trading after third-quarter results exceeded expectations.
2Data center revenue nearly doubled, easing concerns about the sustainability of AI spending.
AMD reported that its data center revenue grew by 96.9% in the third quarter of 2026, driving the stock higher in trading on November 4, 2026. The company maintained its guidance for 2027 revenue growth to exceed 80%, supported by the four largest hyperscalers planning approximately $730 billion in capital expenditure for 2026.
AMD closed at $483.90 on November 3, 2026, with the AI-driven growth allowing the company to outperform industry peers according to Invezz. Shares of NVDA and Intel both recorded closes of $206.69, while TSM closed at $404.80 on November 3, 2026.