Advanced Micro Devices is accelerating its growth in the data center market so rapidly that it may reach its $100 billion annual revenue target by 2028, two years earlier than CEO Lisa Su initially projected. The company’s first quarter of 2026 showed a 57% increase in data center revenue year-over-year, hitting $5.78 billion.
The original goal was set in November 2025 during AMD’s Analyst Day, banking on the booming AI infrastructure demand. AMD’s Instinct MI GPUs and EPYC CPUs have become key components for major AI players such as OpenAI and Meta, which has pushed AMD into the spotlight within the fiercely competitive AI hardware space.
From Crypto Mining to AI Chips
Back in 2018, AMD had a significant footprint in cryptocurrency mining, with crypto-related sales making up about 10% of its revenue. However, as the space shifted away from GPU mining due to Ethereum’s move to proof-of-stake and specialized ASIC miners dominating Bitcoin mining, AMD's consumer GPU sales for mining dwindled.
Despite this retreat, the company remains linked to the crypto sector through its Security Crypto Engine, a programmable feature designed for cryptographic tasks within blockchain infrastructure. also financial instruments like Ondo’s AMDON token offer innovative exposure to AMD’s equity via tokenized on-chain assets.
Investors should note the cyclical nature of semiconductor markets. While AMD’s recent surge is impressive, sustaining growth to reach roughly $25 billion in quarterly data center revenue will require continuous and strong demand, a feat rarely seen in the industry. Any assets tied to AMD stock, including tokenized products, will reflect this volatility.
