AMD Expands Enterprise AI with Dell MI350P Support, $5.8B Q1 Data-Center Surge

AMD strengthens its enterprise AI infrastructure role by adding Instinct MI350P PCIe GPUs to Dell PowerEdge servers and reporting Q1 2026 data-center revenue of $5.8 billion, up 57% year-over-year, with Q2 forecasts beating expectations. This builds on May 4's Zyphra Cloud launch powered by MI355X GPUs for inference workloads and the May 7 MOU with Rackspace for a governed AI cloud targeting regulated sectors using Instinct GPUs and EPYC CPUs. The partnerships drove Rackspace shares up 55.97% to $5.49 on May 8 with 150.9M volume and AMD up 11.44%, signaling robust AI demand momentum.