On September 9, Advanced Micro Devices rose 3.53% in regular trading, trading at $523.37 per share, with turnover of $2.39 billion. The stock extended gains following a series of bullish disclosures at the Citi Global TMT Conference.

AMD dramatically raised its total addressable market estimate for AI-related opportunities to $2 trillion by 2030, roughly doubling its prior $1 trillion projection. The company expects its data center business to double to approximately $70 billion in revenue by 2027, with AI GPUs contributing around $40 billion. The server CPU market estimate was revised sharply upward to $220 billion from a prior $60 billion forecast. AMD disclosed $290-300 billion in procurement commitments and secured the largest capacity allocation increase among all TSMC customers.

Core customers Meta, OpenAI, and Anthropic were confirmed as anchor partners involving multi-gigawatt deployments and multi-generational commitments, with Helios rack-level systems already ramping and actual orders exceeding initial agreements. Meanwhile, MI450 is set to begin volume shipments in Q3 with further ramp in Q4. Additionally, Raymond James recently upgraded the stock to strong buy with a $641 price target, reinforcing institutional confidence in AMD's competitive positioning.

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