StocksMediumUpdated×5•Originally published 9 November 2026•Updated 9 November 2026•
1 min read
AMD Stock Surges to $504.80 as Google Cloud Adopts SEV Security Technology
Key Facts
1AMD expects its data center business to grow 50% sequentially in Q4 2026.
2AI GPU deals with Meta and OpenAI are estimated to drive sales over $60 billion in 2027.
3The company aims for revenue approaching $94 billion by 2027 with a targeted 80% growth rate.
AMD shares rose 12.5% to $504.80 on November 9, 2026, following the disclosure that its EPYC processors' Secure Encrypted Virtualization (SEV) technology will be used to secure Google Cloud systems. The price action followed the company's report of record quarterly revenue of $13.38 billion, driven by data center sales doubling to $8.55 billion.
The company issued fourth-quarter revenue guidance of $17 billion, prompting Oppenheimer to upgrade the stock to a $600 price target. This growth was further supported by Google Cloud selecting fifth-generation EPYC processors for its TPU 8tx AI system, while NVDA closed at $186.64 and INTC at $56.28 on November 6, 2026.