AMD and Intel shares soared to record highs on Friday, driven by surging demand for AI infrastructure and CPUs. AMD's stock climbed 9% to approximately $443, boosting its market cap to $720 billion, following robust Q1 results with a 38% revenue increase to $10.3 billion. Data center revenue surged 57% to $5.8 billion, fueled by demand for EPYC processors and Instinct GPUs. Analysts have raised price targets, citing AMD's growing AI infrastructure role. Intel's shares rose 14% to around $124, with a market value nearing $627 billion. The rally was supported by a 7% revenue increase to $13.6 billion in Q1 and strategic partnerships, including collaborations with Google and Elon Musk's Terafab AI project. Intel's resurgence is further bolstered by a 9.9% US government stake, part of an $8.9 billion investment to enhance domestic semiconductor manufacturing.
AMD and Intel Shares Reach Record Highs Amid AI Demand Boom
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