Here's my quick case study on $AMD AMD hits $1T as agentic AI lifts CPU demand Shares jumped nearly 10% Monday and pushed AMD’s market cap through $1 trillion for the first time. The stock is up about 185% this year. Q2 revenue reached a record $11.5 billion, up 50%, with data center sales more than doubling to $6.7 billion on EPYC server CPUs and Instinct accelerators. Guidance for Q3 is around $13 billion. Management expects data center revenue to more than double again in 2027, with AI GPUs growing well over 100%. Helios rack systems, 6th-gen Venice CPUs, and MI450 GPUs are moving into production, backed by large deals with Meta, Anthropic, Microsoft, and others. Meta’s Muse agent topping U.S. app charts added to the view that inference-heavy agents need more CPU work, not only GPUs. The multiple is high and a lot of that growth is already in the price. The case now rests on whether Helios ramps cleanly, supply stays tight, and AMD keeps taking share without stretching execution. Better positioned than it was, still a high-bar stock.