Stock price amd after a 15% year-to-date rally

After a 15% year-to-date rally, stock price AMD is outperforming Nasdaq Composite, driven by AI data center chip sales. Analysts project revenue growth of 22% for FY2024, bolstering bullish forecasts. A key driver of this expansion is the role of CPUs in supporting emerging AI workloads. As enterprises adopt agentic AI applications, demand for compute infrastructure has risen sharply. Management remains bullish that this trend, coupled with sustained share gains and increasing investments in cloud and on-premises computing, will support durable growth for AMD’s server CPU business. Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share. AMD’s recent partnership with major cloud providers boosted investor enthusiasm, with stock price AMD gaining 4.2% over three sessions. Market watchers see upside to $185 if momentum persists.