AI Buzz Boosts AMD Stock on Muse Momentum
TL;DR Summary
AMD shares jumped about 9% after Meta’s new AI agent Muse topped the App Store’s free apps chart, signaling growing AI-driven demand for AMD’s CPUs as part of its AI-infrastructure footprint. Management remains bullish on long-term CPU sales, citing a potential total addressable market of up to $220 billion by 2030, aided by Meta's AI partnership; AMD also posted strong Q2 results with revenue up 50% to $11.5 billion and non-GAAP EPS up 246% to $1.66.
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