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AMD Is Up 149% Year to Date. Is the AI Chip Rally Getting Dangerously Crowded, or Is There Still Room to Run?

The Motley Fool·
AMD Is Up 149% Year to Date. Is the AI Chip Rally Getting Dangerously Crowded, or Is There Still Room to Run?

AMD's stock has surged 149% year-to-date with Q1 2026 revenue reaching $10.3 billion (up 38% YoY) and data center revenue at $5.8 billion (up 57% YoY). The company guided for Q2 2026 revenue of $11.2 billion (46% YoY growth) and is preparing to launch MI450 AI chips with major customer commitments from OpenAI and Meta. Despite the stock's significant gains, the company's strong earnings growth and expanding AI market share suggest further upside potential for long-term investors.

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