AMD Surges to Top 10 Most Traded Stocks with $89.53 Billion Turnover

On June 20, 2025, Advanced Micro Devices (AMD) saw a significant surge in trading volume, with a total turnover of $89.53 billion, marking a 42.24% increase from the previous day. This substantial rise placed AMD among the top 10 most traded stocks for the day.

AMD recently announced a strategic partnership with Microsoft to collaboratively develop silicon for a variety of devices, including the next-generation Xbox console. This move is seen as a strategic bet on the future demand for advanced gaming solutions and AI-specific workloads, which have been slowing down in recent quarters. The partnership not only reaffirms AMD's relevance in the fragmented chip market but also provides a fresh catalyst for the company, which has lagged behind other AI stocks.

Beyond gaming, AMD continues to make strides in the AI chip space, despite challenges such as import controls and a cautious macroeconomic environment. The company is gaining traction in hyperscale data centers, client, and custom silicon partnerships. This partnership with Microsoft is expected to bolster AMD's position in the market and drive future growth.

AMD's first quarter 2025 results exceeded expectations, with revenue of $7.44 billion, a 36% year-over-year increase, and non-GAAP EPS of $0.96, significantly surpassing consensus estimates. For the coming quarter, management predicted Q2 revenue of $7.4 billion, with a non-GAAP gross margin of 43%, reflecting an $800 million charge related to new export restrictions. Without this charge, the margin expectations would have been 54%.

AMD's CEO, Lisa Su, has highlighted the significance of the Xbox partnership, describing it as the "future of immersive gaming." The collaboration involves a comprehensive roadmap of gaming-optimized chips, extending beyond just providing custom chips for Xbox consoles. This partnership aims to create an advanced and seamless Xbox ecosystem across all Xbox consoles, leveraging AMD's technology to enhance the gaming experience.