Shares of Advanced Micro Devices (AMD) have seen significant growth, with a remarkable 111% increase over the past year. This upward trend has continued into 2026, as the stock is already up more than 16% year-to-date. The robust performance of AMD’s stock can be attributed to its expanding presence in the rapidly growing data center market, a strong roadmap for artificial intelligence (AI) products, and strategic partnerships with industry giants. Collaborations with entities like OpenAI and Oracle have further solidified AMD’s standing and bolstered confidence in its long-term growth potential.
Market optimism received a positive boost following AMD’s recent Financial Analyst Day, where company management outlined ambitious growth expectations for the next three to five years. As attention now shifts toward AMD’s forthcoming fourth-quarter earnings report, scheduled for February 3, anticipation remains high for sustained growth fueled by the company’s solid business momentum.
However, investors are reminded to remain cautious regarding AMD’s earnings history; the company has experienced a decline in stock value following earnings reports for four consecutive years, despite otherwise strong performance.
In light of this context, analysts are optimistic about AMD’s future performance. The company is likely to report another impressive quarter, bolstered by strong momentum in its data center AI, server, and PC segments. Favorable demand trends indicate that AMD is poised to gain further market share, driven by the increased adoption of its latest products.
The data center segment is expected to be a significant driver of growth, with revenue projected to maintain double-digit increases, aided by the ramp-up of its Instinct MI350 series GPUs and sustained gains in the server CPU market. Notably, AMD’s server business reached record sales in the third quarter, largely due to the swift adoption of its fifth-generation EPYC processors, along with robust sales from prior-generation EPYC processors—a testament to AMD’s competitive edge across diverse workloads.
Overall, AMD appears well-positioned to capitalize on market opportunities, and investors are hopeful for a strong performance in the upcoming earnings report, reflecting the company’s strategic initiatives and growth trajectory.