Shares of Advanced Micro Devices surged sharply on Monday morning, climbing 9.4% as of 10:57 a.m. ET following strong consumer signals around agentic AI.
The catalyst behind the move was Meta’s new AI agent app, Muse, which reached the number one spot among free apps on Apple’s App Store.
Muse’s rise to the top of the charts signaled to investors that agentic AI is rapidly gaining traction with everyday consumers, not just enterprise users.
AI agents like Muse rely heavily on central processing units, or CPUs, to complete their tasks, which directly benefits AMD’s growing CPU business.
Earlier this year, Meta and AMD expanded their strategic partnership to build additional AI infrastructure capacity, leveraging AMD’s CPUs and GPUs for AI workloads.
AMD’s leadership has been vocal about the long-term opportunity in server CPUs, projecting the market could grow by 50% by 2030, reaching a total addressable market of $220 billion.
AMD CEO Lisa Su addressed the agentic AI opportunity directly on the company’s Q2 2026 earnings call, stating, “[W]e actually see this agentic AI or these agentic sandboxes being the largest piece of the TAM. It’s the fastest-growing piece. It’s also the smallest piece today.”
The second quarter results, covering the period ended June 27, showed the company’s sales jumped 50% to $11.5 billion, with non-GAAP diluted earnings per share rising 246% to $1.66.
AMD’s dual position in the chip market, supplying both GPU and CPU designs to major technology companies, gives it a competitive advantage as AI workloads diversify across processor types.
With Muse demonstrating real consumer appetite for agentic AI tools, AMD’s bullish long-term CPU outlook appears increasingly well-supported by market data.
The strong performance of Meta’s app reinforces the broader industry view that AI agents will become a standard feature of daily digital life, from booking travel to shopping online.
AMD shareholders are watching closely as early adoption signals suggest the server CPU market expansion that management has forecast could materialize faster than many previously anticipated.
