What's Going on With AMD Stock? | AMD Stock Deep Dive Part 1

Parkev Tatevosian, CFA•Aug 14, 2026

Summary

Parkev provides a comprehensive analysis of AMD's growth, noting that the stock has risen over 127% in 2026 due to a booming data center business. Parkev highlights that revenue increased 50% year-over-year to $11.5 billion, with the data center segment now representing 58% of the business compared to 42% a year prior. Parkev emphasizes that this shift toward data centers makes AMD more attractive because it is less correlated to the macroeconomy than the gaming or client segments. According to Parkev, major hyperscalers are forecasting continued spending increases for 2027, suggesting the AI investment cycle has not yet peaked.

AMD: Parkev notes that AMD is seeing a massive shift in its business model, with data center revenue now accounting for the majority of its $11.5 billion revenue. Parkev argues that this concentration in high-growth areas makes the stock much more attractive than it was when it relied more on gaming and client segments. Parkev also highlights that AMD is gaining x86 server share against Intel and is benefiting from a multi-year AI investment cycle and the emergence of agentic AI.

NVDA: Parkev acknowledges that Nvidia currently dominates the AI accelerator and GPU market with an estimated 80% market share. Parkev explains that while AMD is strong in inferencing, Nvidia remains the leader in the training segment of large language model development. Parkev plans to provide exclusive coverage of Nvidia's upcoming earnings, emphasizing its central role in the broader AI ecosystem.

INTL: Parkev points out that Intel is losing market share in the x86 server revenue category as enterprises shift toward AMD’s more efficient CPU portfolio. Parkev notes that Intel's position is being squeezed by AMD's performance leads and the emergence of energy-efficient ARM-based processors. Parkev observes that the total cost of ownership advantages of AMD are driving enterprises away from traditional Intel-based systems.

Mentioned Stocks

NVDA

Sentiment: HOLD

Reasoning: Parkev identifies Nvidia as the dominant force in GPUs with an estimated 80% market share, particularly in AI training. While the video focus is on AMD, Parkev acknowledges Nvidia's leading position and notes that major hyperscalers are spending trillions in this ecosystem. Parkev intends to cover Nvidia's results closely, recognizing its massive influence, but focuses the primary buy thesis on AMD's specific growth vectors.

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AMD

Sentiment: BUYAction: RECOMMENDED

Reasoning: Parkev highlights that AMD's data center revenue has more than doubled year-over-year, now making up 58% of total revenue. Parkev notes that the company is gaining x86 server share from Intel and expects continued growth from a multi-year AI cycle and the rise of agentic AI. Parkev views the 50% total revenue increase to $11.5 billion as evidence of a lucrative business model that makes the stock attractive for investors.

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INTL

Sentiment: SELL

Reasoning: Parkev reports that Intel is losing revenue share in the x86 server market to AMD's superior CPU offerings. Parkev mentions that enterprises are choosing AMD over Intel due to better performance and total cost of ownership advantages. Parkev also notes that Intel's traditional x86 dominance is being challenged by the increasing traction of more energy-efficient ARM-based systems.

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