AMD Stock Is at Record Highs—and Why It’s Still Not Too Late to Buy

Shares of Advanced Micro Devices (AMD) have surged 70.6% over the past month, recently hitting record highs. The stock is up almost 15% in the morning trading session after rival Intel (INTC) reported strong AI-driven demand for CPUs.

Intel’s management emphasized that the CPU is gaining prominence within AI systems, with enterprise and cloud customers increasingly deploying server CPUs alongside accelerators. This has translated into robust demand for Intel’s Xeon processors, signaling that the ongoing expansion of AI infrastructure is likely to boost CPU usage more broadly.