Advanced Micro Devices (AMD +6.36%) stock rose 6.3% on Thursday, Sept. 17, 2026, after a neocloud operator said a price hike was coming for the use of chips across its stack, with AMD CPUs seeing a substantial bump.
The S&P 500 and the Nasdaq Composite rose 1.1% and 1.7%, respectively, on Thursday.
NASDAQ: AMD
Key Data Points
Nebius is charging more for some AMD-powered computing
Nebius, which rents out the use of chips from AMD and Nvidia, told customers it would soon charge a higher rate. Nebius said that Nvidia GPU prices would increase from 17% to 21%, while AMD's EPYC Genoa CPU rates will increase 25%, while supply constrained memory offerings would see a 41% bump.
Image source: Getty Images.
The announcement helps reassure investors that compute demand is still strong across AI, including demand for CPUs, which AMD has pushed in recent months. The company's stock was also rising amid a broader rally across the stock market.
AMD's data-center business was already growing quickly
AMD's Data Center revenue rose 107% year over year to $6.7 billion in Q2 2026, helping total revenue increase 50% to $11.5 billion.
I don't see that growth story shifting significantly in its next earnings. Long term, the question of how long demand can so far outpace supply remains.
