May. 22 at 6:28 PM
$AMD looks poised for another potential all-time high close today
A lot of investors keep asking if it’s overvalued — but the long-term bull case argues it’s still roughly in fair value territory, especially when you break down the data center runway.
Key framework being discussed:
Server CPU TAM (~
$170B by 2030 per
$UBS) → AMD could capture meaningful share of x86 growth
AI data center capex (~
$1T by 2030 per
$GS) → accelerators + GPUs + ASIC mix still expanding, with AMD positioned for a slice of GPU demand
Combined scenario puts data center revenue potential north of ~
$120B+ by 2030 in bullish assumptions, with margins + multiple expansion still driving upside in long-dated models.
At today’s valuation (~
$767B), the debate isn’t “cheap vs expensive” — it’s whether growth continues to outperform expectations.
Strong businesses rarely trade at obvious discounts for long — and surprises tend to come on the upside
