AMD (AMD) stock has had an incredible run this year, rising 184% year-to-date (YTD) and recently hitting a new high. Over the past 12 months, the stock has gained more than 270%. Much of that momentum comes from strong demand for AMD’s CPUs and GPUs as companies continue to invest heavily in artificial intelligence (AI).
But it’s not just higher demand helping AMD. The company is also benefiting from favorable pricing, which is supporting revenue growth and helping improve profitability.