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AMD: AI-Fueled Growth, But Margins Face a New Test

Data center momentum is real, but rising costs are starting to matter

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Attila
May 04, 2026
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Estimated reading time: 6 minutes

Advanced Micro Devices delivered a strong, AI-driven quarter, reinforcing its position as a serious challenger in data center and AI infrastructure.

But the story is evolving.

The key question: can AMD sustain high growth while keeping margins under control?

Key Takeaways

  • Q4 revenue: $10.3B (+34% YoY)

  • Data…

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