Stocks
AMD Stock Surges as Meta's AI Agent App Topples Charts
Advanced Micro Devices (AMD) stock surged by 9.4% on Monday morning after Meta's new AI agent app, Muse, reached the top spot in Apple's App Store.
The app's popularity indicates growing consumer demand for AI agents, which rely heavily on central processing units (CPUs) to complete tasks.
This bodes well for AMD's CPU business, as its management is bullish on long-term CPU sales and estimates the server CPU market could grow by 50% by 2030, reaching a total addressable market of $220 billion.
AMD CEO Lisa Su mentioned during the company's Q2 2026 earnings call that agentic AI or these agentic sandboxes are the largest piece of the TAM and is growing rapidly.