Advanced Micro Devices (AMD) Stock Rises on Cloud Pricing Hike Announcement
On Thursday, Sept. 17, 2026, Advanced Micro Devices' stock rose by 6.3% following an announcement from cloud operator Nebius that it would increase pricing for computing resources powered by AMD and Nvidia chips. Specifically, Nebius plans to raise rates for AMD EPYC Genoa CPUs by 25%, signaling strong demand in the AI-driven data center market. The broader stock market also saw gains on Thursday, with both the S&P 500 and Nasdaq Composite rising by over 1%. Investors were reassured that compute demand remains robust across artificial intelligence applications. AMD's Data Center segment had already seen a significant revenue increase of 107% year-over-year in Q2 2026 to $6.7 billion, contributing to total revenue growth of 50%. The pricing hike by Nebius reflects continued confidence in the demand for high-performance computing resources and supports AMD's long-term market expansion strategy.
Tickers: $AMD
Topics: Advanced Micro Devices AI demand cloud computing Nebius