Why we feature AMD: Direct challenger to NVIDIA in AI accelerators (MI300/MI400) and to Intel in data-center CPUs. Higher beta than NVDA — explosive on AI sentiment shifts.
AMD (Advanced Micro Devices) overview
AMD designs and sells the x86 CPUs and GPUs that compete directly with Intel (in CPUs) and NVIDIA (in GPUs and AI accelerators). Listed on NASDAQ under ticker AMD, the company has grown from a perennial Intel underdog to a credible AI-accelerator challenger via the MI300 and MI400 Instinct accelerators.
The investment thesis splits into three buckets:
- Data center CPUs (EPYC) — taking share from Intel’s Xeon line
- AI accelerators (MI series) — distant second to NVIDIA but the only credible alternative
- Client CPUs + GPUs (Ryzen, Radeon) — gaming + PC market
What moves AMD
- AI accelerator order announcements — Meta, Microsoft, Oracle AI cap-ex commitments to MI series
- Data center CPU share gains — EPYC vs. Xeon quarterly data
- NVIDIA earnings — AMD often moves in sympathy with NVDA reactions
- TSMC capacity — AMD fabricates at TSMC, supply constraints matter
- Gaming + PC demand — Radeon GPU sales, console refresh cycles
AMD has historically traded at higher beta than NVDA — bigger drawdowns in AI sell-offs but bigger ralliess on positive AI news. Average daily range 3–5%.
Trading AMD as a CFD vs. real shares
CFDs (via Pepperstone, FxPro) allow leverage up to 1:5 (EU retail) and short-selling. Real shares via eToro or XTB for long-term holding.
