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Amit Singh

Amazon Bought AMD Stock: Is It Time for You to Jump In Too?

AMD Amazon United States

Technology giant Amazon (AMZN) has revealed an investment in Advanced Micro Devices (AMD), purchasing 822,234 shares valued at roughly $84.4 million. This disclosure, made through a recent 13F filing, signals Amazon’s confidence in AMD at a time when the chipmaker is witnessing a solid upswing in its data center and artificial intelligence businesses.

The timing of Amazon’s purchase coincided with AMD’s Q1 earnings announcement. AMD just posted a blowout quarter, with revenue surging 36% year-over-year, a significant jump from the modest 2% growth it saw in the same quarter last year. AMD’s Q1 marks the fourth consecutive quarter of accelerating growth, driven by robust demand across its data center and AI segments and resilience in its core businesses.

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