Can AMD Hit $1 Trillion by 2028? Here's the Math

AMD's current market cap sits around $360B — needs to roughly triple to hit the $1T mark. Sounds ambitious? Maybe, but here's why it could happen:

**The Data Center Play**
Unlike Nvidia (which is 90% dependent on data center), AMD has a more balanced portfolio. Nvidia's FY2026 Q3 saw $51.2B out of $57B revenue from data center. AMD? $4.3B out of $9.3B. CEO Lisa Su is betting big: she projects 60%+ CAGR in data center revenue over 5 years, nearly 6x faster than current pace.

**The Numbers Game**
If AMD hits its targets:
- Revenue: $32B (current) → ~$85B by 2028 (35% CAGR)
- Operating margin: 10% → 35%+
- Implied profit: ~$21B

At 40x earnings (conservative vs Nvidia's 53x), that values AMD at ~$848B. Tweaking assumptions slightly could push it past $1T.

**The Reality Check**
It's tight. More likely AMD reaches $1T by 2030 rather than 2028. But even if it doubles instead of triples, that's still a killer return. The key question: can AMD actually execute 35% revenue CAGR while improving margins? If yes, this stock is a no-brainer for the next 5 years.