AMD stock soars after company says its data center revenue will jump 60% over the next 3 to 5 years

AMD (AMD) says it expects to see its data center revenue increase 60% over the next three to five years, up from 16billionin2025,asthecompanypushesdeeperintotheAIspaceandworkstostealsharefromrivalNvidia(NVDA).Sharessurgedover816 billion in 2025, as the company pushes deeper into the AI space and works to steal share from rival Nvidia (NVDA). Shares surged over 8% in early trading Wednesday following the news. The outlook comes after AMD CEO Lisa Su said the company sees the total addressable market for AI data centers increasing to 1 trillion over the next five years during AMD's Financial Analyst Day in New York ...