AMD Stock Rises on Neocloud Pricing Hike Announcement
Advanced Micro Devices (NASDAQ: AMD) stock rose 6.3% on Sept. 17, 2026, following an announcement by neocloud operator Nebius that it would increase pricing for chip usage across its stack. Specifically, prices for AMD's EPYC Genoa CPUs will rise by 25%, signaling strong demand in the AI computing sector and reinforcing investor confidence. The broader market also saw gains on Thursday, with the S&P 500 rising 1.1% and the Nasdaq Composite up 1.7%. AMD’s data-center business has been growing rapidly; revenue from this segment increased by 107% year-over-year to $6.7 billion in Q2 2026. The price hike, particularly for CPUs which are a key focus area for AMD, reassures investors about sustained demand and the company's market position.
Topics: AI demand AMD cloud computing data center revenue Nebius