AMD Jumps 9.4% on Meta's Muse Buzz as CPU Market Seen Reaching $220 Billion
Updated
Updated · Yahoo Finance · Sep 21
AMD Jumps 9.4% on Meta's Muse Buzz as CPU Market Seen Reaching $220 Billion
3 articles · Updated · Yahoo Finance · Sep 21
Summary
AMD shares rose 9.4% by 10:57 a.m. ET after Meta's Muse AI agent app reached No. 1 among free apps on Apple's App Store, reinforcing expectations for stronger CPU demand.
AI agents rely heavily on CPUs to handle task-based work such as shopping and travel booking, giving investors fresh evidence that consumer-facing agentic AI could become a meaningful growth driver for AMD.
AMD has already tied that thesis to its business outlook, saying earlier this year that agentic AI could be the fastest-growing part of a server CPU market it sees expanding 50% to a $220 billion TAM by 2030.
The rally adds to momentum from AMD's latest quarter, when revenue climbed 50% to $11.5 billion and non-GAAP diluted EPS jumped 246% to $1.66, extending a broader AI-fueled surge that also pushed its market value above $1 trillion.