AMD, based in Santa Clara, California, designs processors for PCs and servers, graphics cards and AI chips. It doesn’t make them itself; most are built by TSMC in Taiwan. AMD also designs the chips inside the PlayStation 5 and Xbox. In data centers it competes with Intel on server processors and with Nvidia on AI chips.
Where you know it from
From Ryzen processors in laptops and gaming PCs, and the chips inside the PlayStation 5 and Xbox.
How AMD makes money
Data centers & AI48 %
PCs & game consoles42 %
Embedded chips (industry, cars)10 %
Revenue share 2025
Strengths
AMD has taken a lot of server-processor market share from Intel in recent years.
Since October 2025, AMD has a multi-year deal to supply OpenAI with AI chips totalling up to 6 gigawatts, which makes it a serious alternative to Nvidia.
Revenue grew 34% in 2025.
Risks
Nvidia is far ahead in AI chips, and catching up will take a long time.
Dependent on TSMC in Taiwan and on US export rules for China.
Chip stocks swing a lot, plus there is dollar risk for euro investors.
+16.9%
+84.9%
+1.6%