AMD Stock Rises on High Beta and Growing Data Center Revenue

At $518.58, Advanced Micro Devices (AMD) looks compelling due to its high beta of 2.49, which works in favor of shareholders at this stage of the AI capex cycle.

The stock has gained 142.15% year-to-date, and Q2 earnings validated the reason why.

AMD sells the two chips hyperscalers cannot get enough of: Instinct GPUs for AI training and inference, and EPYC server CPUs that run the cluster headnodes around NVIDIA (NVDA) and its own accelerators.