AMD hopes the UK will push it into the trillion‑dollar league.

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about 3 hours ago

UK AI Supercomputer Investment

AMD is committing £2 billion in five years to build AI supercomputers in the UK. The two systems, Zenith at Cambridge and Sunrise with the UK Atomic Energy Authority, target AI and fusion research. Prime Minister Keir Starmer pledged £400 million for AI chips from UK start‑ups, matching AMD’s sovereign‑AI push.

Market Reaction

Shares dropped 11 % after Broadcom’s earnings missed AI forecasts, then rebounded 2 % pre‑open for a 4 % gain. Investors see the dip as a buying opportunity; KKM Financial trimmed its stake and is watching for re‑entry. The broader AI boom keeps AMD’s outlook positive despite short‑term volatility.

Q1 Results and Partnerships

AMD reported $10.2 billion revenue in Q1, up 38 %, and net profit up 95 % year over year. The data‑center unit generated $5.8 billion, a 57 % rise and now makes up over half of sales. Deals with Meta ($60 billion) and OpenAI, each taking equity, bring AMD close to a $1 trillion market cap.