Advanced Micro Devices (AMD) trades near $421 with a 52-week range of $107.67 to $469.22. The market cap is roughly $685 billion.

The article title flags a +114% gain. The verified 12-month total return is actually about +267% as of mid-May 2026, so AMD has more than doubled that headline figure.

This piece walks through what actually drove the move. Data center scale, the MI400 roadmap, and three hyperscaler deals that lock in revenue visibility into 2027.

Q1 2026 Data Center Segment: Record $5.8B Up 57% YoY

AMD reported Q1 2026 total revenue of $10.3 billion. That was up 38% year over year and ahead of consensus.

Data Center segment revenue hit a record $5.8 billion, up 57% year over year. That single segment is now more than half of total…