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AMD stock rebounds 13.3% on strong data center growth and Google TPU adoption boosting earnings outlook

Market News
10 Nov 2026, 20:03 WIB
Seeking Alpha
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Bullish
AMD stock rebounds 13.3% on strong data center growth and Google TPU adoption boosting earnings outlook

Advanced Micro Devices (AMD) saw its stock rise 13.3% following news of accelerating adoption of Google's Tensor Processing Units (TPUs) powered by AMD's EPYC Turin CPUs. This development expands AMD's presence in both merchant and custom ASIC markets, enhancing its total addressable market in servers. Coupled with growing adoption of AMD's Helios and Instinct products, the shift towards higher-margin data center growth is expected to drive significant earnings upside. This fundamental recovery comes amid a broader tech sector rebound after a sharp October correction, highlighting AMD's improving growth prospects and valuation potential.

AMD's market cap stands at $834.12 billion as of Nov 11, 2026, 01:21 WIB, reflecting its significant scale in the tech sector. Despite the recent 13.3% rise noted in the news, on Pluang AMD's price shows a slight 0.17% decline over the last day, with a trading volume of 50,860,939 shares. Investor activity is fairly balanced with 53% buying and 47% selling, and the typical holding period on Pluang is 94 days, indicating moderate-term interest in the stock.

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