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AMD Surges 16% on Blowout Q1: Still a Buy Above $400?

AMD posted a massive Q1 earnings beat, surging 16.14% after hours to $412.59, with regular session gains already at 4.02%. Data center GPU revenue was the key driver, prompting analysts to raise price targets as AWS, Azure, and GCP expand AMD GPU procurement under multi-vendor AI strategies. With Nvidia's architectural moat in AI training still the ceiling, can AMD convert a single-quarter beat into sustained market share erosion? Is AMD still worth buying above $400?

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