# Advanced Micro Devices (AMD) shares are ripping higher on Wednesday.

*business · news · 2026-05-06 · Barchart*

## Key points

- AMD's data center revenue grew 57% year-on-year in Q1, impressing investors and analysts.
- Barchart data shows AMD options expiring Aug. 21 imply a potential 27% price upside.
- AMD trades at 16x sales, notably cheaper than Nvidia’s 22x, despite strong momentum.
- Goldman Sachs forecasts $11.2 billion in AMD's current quarter revenue, beating consensus estimates.
- Multiple Wall Street firms raised AMD price targets, highlighting its key position in AI infrastructure.

**Companies:** Advanced Micro Devices (AMD), Nvidia (NVDA), Meta Platforms (META)
**Countries:** United States

[Read the full story on Barchart](https://www.barchart.com/story/news/1749474/as-amd-surges-16-following-earnings-here-s-what-barchart-data-says-comes-next-for-amd-stock)

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