New York, May 24, 2026, 14:05 (EDT)
- AMD ended Friday at $467.51, up 3.99%. Shares hit $481.41 during the session, reaching the top end of the chipmaker’s 52-week range.
- U.S. markets are closed for the weekend and will stay shut on Monday for Memorial Day.
- The coming week hinges on whether buyers stick with AMD and its AI server pitch, after CEO Lisa Su made new remarks about the supply ramp.
AMD heads into the holiday-shortened week trading close to recent highs, after shares climbed 3.99% on Friday to close at $467.51. The stock hit $481.41 during the session, rounding out a volatile but strong week for the AI chipmaker.
AMD’s surge isn’t just about closing the GPU gap with Nvidia anymore. Now, Wall Street is also betting on more demand for central processing units, or CPUs, as AI infrastructure grows and automates. Investors see AMD making gains across both kinds of chips if AI systems keep getting larger and more complex.
No regular session for U.S. stocks until Tuesday, with both Nasdaq and NYSE set to close Monday for Memorial Day. Nasdaq’s site puts May 25 on the 2026 market holiday list, and NYSE’s calendar confirms U.S. equities closed as well.
AMD shares ended Friday at $467.51, up 10.2% for the week from $424.10 at the May 15 close. The week was choppy: shares dropped on Monday and Tuesday, surged 8.10% on Wednesday, ticked up Thursday, and climbed again Friday.
Broad gains in the market gave stocks a lift. The S&P 500 closed up 0.4% on Friday and posted its eighth weekly win in a row. The Nasdaq Composite edged higher by 0.2% Friday and gained 0.5% for the week, AP market data showed.
Su’s latest remarks gave the stock a lift on supply-demand hopes. Speaking in Taipei on Friday, Su said AMD is teaming up with local partners to boost production after demand beat forecasts. “The overall CPU market has had significantly higher demand than any of us predicted a year ago,” Su said. “The CPU market is tight.” Reuters
AMD said last week it plans to invest over $10 billion in Taiwan’s AI ecosystem. That includes spending on advanced packaging, which links chips together for faster data and better power use. The company also said the Helios rack-scale platform, built on Instinct MI450X GPUs and next-gen EPYC CPUs, is still set for rollout in the second half of 2026.
AMD said in a separate statement that it started ramping production of its next-generation EPYC chip, code-named Venice, in Taiwan using TSMC’s 2-nanometer process. The smaller nanometer size suggests more advanced chipmaking, but AMD said the payoff still hinges on yields, supply and customer demand.
Stock action is still getting a lift from AMD’s earlier earnings. First-quarter revenue was $10.3 billion, a 38% jump on the year. Data center revenue climbed 57% to $5.8 billion. AMD said it expects second-quarter sales to be around $11.2 billion, give or take $300 million.
Analysts are calling the rally part of a bigger compute theme, not just a reaction to Nvidia. Michael O’Rourke, chief market strategist at JonesTrading, told Reuters earlier this month, “success invites competition.” Matt Britzman at Hargreaves Lansdown said AMD looks more like a “broader compute opportunity.” Reuters
Nvidia is still the standard for AI chips. Its results earlier this week highlighted big AI infrastructure demand again, with Nvidia forecasting quarterly revenue of $91 billion, plus or minus 2%. That’s above LSEG estimates cited by Reuters. AMD is under pressure to prove it can take more AI server spend, not just follow Nvidia.
AMD’s run could be at risk as the trade looks crowded and expensive. The company has flagged export controls, tariffs, supply chain pressures, yields, rivals and share swings as possible headwinds. CEO Lisa Su told Reuters China remains about 20% of revenue, but AMD still has to follow U.S. export rules. Any slip in capacity, slower AI demand, or tougher China rules could set off profit taking.
Quiet on Monday with markets shut, but Tuesday’s open could set the tone. Bulls will have to decide if Friday’s high was a breakout or just a spot to sell. For AMD, what comes next may have more to do with whether investors are still willing to bet on the company’s ability to use tight CPU supply and Taiwan capacity spending to drive data-center growth, rather than just riding the chip story.
