# Market Sentiment Supports AMD Premarket Gain.

*semiconductor · news · 2026-05-08 · Benzinga*

## Key points

- AMD launched Instinct MI350P PCIe GPUs targeting AI workloads in existing data center infrastructure.
- AMD's data center revenue rose 57% year over year to $5.8 billion, mainly from AI products.
- Analyst Neil Shah identifies AMD as the only credible full-stack AI rival to Nvidia currently.
- AMD trades 92.1% above its 200-day SMA, signaling extremely extended technical momentum.
- TD Cowen raised its AMD price target to $500.00 in May, reflecting strong analyst confidence.

**Companies:** AMD

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52406148/whats-going-on-with-amd-stock-friday-2)

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