Advanced Micro Devices

Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California, that develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chips (SoCs), and high-performance computing components for a wide range of business and consumer markets.

Founded in 1969 by Jerry Sanders and seven colleagues from Fairchild Semiconductor, AMD has evolved from a second-source manufacturer of Intel processors to a leading innovator in computing technology. The company's transformation under CEO Dr. Lisa Su, who took the helm in 2014, represents one of the most remarkable turnarounds in Silicon Valley history. When Su became CEO, AMD's stock traded at around $3; by 2024, it had risen nearly 50-fold to approximately $140 per share.

Today, AMD serves multiple high-growth markets including gaming, data centers, artificial intelligence, and embedded systems. The company's product portfolio spans consumer processors (Ryzen), server CPUs (EPYC), AI accelerators (Instinct), and graphics cards (Radeon). In 2024, AMD's data center segment revenue soared to record levels, driven primarily by its EPYC processors and Instinct AI accelerators, with Q3 2025 data center revenue reaching $4.3 billion. The company's strategic acquisitions, including ATI Technologies in 2006 and Xilinx in 2022 for $49 billion, have expanded its capabilities in graphics and adaptive computing.

AMD's groundbreaking partnership with OpenAI, announced in October 2025, marks a pivotal moment in the AI industry. The agreement for OpenAI to deploy 6 gigawatts of AMD Instinct GPUs is expected to generate tens of billions of dollars in annual revenue over time, with executives projecting more than $100 billion in new revenue over four years. This partnership, which includes OpenAI receiving a warrant for up to 160 million AMD shares (potentially a 10% stake), validates AMD's position as a serious competitor in the AI chip market alongside NVIDIA. With approximately 26,000 employees worldwide and a market capitalization of $268 billion as of June 2024, AMD continues to push the boundaries of high-performance computing and artificial intelligence.