On April 20, Gate officially launched its Pre-IPOs product line, opening subscriptions for the first project—SpaceX tokenized stock (SPCX). The subscription window is open for just 48 hours, closing at 18:00 on April 22 (UTC+8), and supports participation with both USDT and GUSD. This innovative product allows users to buy and sell economic rights to shares of private companies before they go public, sharply reducing the barrier to entry for retail investors compared to traditional pre-IPO placements, which often require minimum investments of several million dollars.
Meanwhile, Gate continues to expand its contract stock offerings. As of April 13, Gate had launched perpetual contract products for more than 30 stocks and ETFs in 2026, covering sectors such as tech giants, aerospace and defense leaders, consumer goods giants, and core ETFs. In the first quarter of 2026, Gate captured a 12.2% global market share in derivatives, ranking among the top three worldwide. Monthly derivatives trading volume reached $500 billion, while spot trading volume remained steady between $55 billion and $65 billion, ranking second or third globally. The transparency report released in January also showed Gate’s derivatives market share had risen to 11%, with perpetual contract trading volume hitting a record $2.42 trillion in Q3 2025.
AMD’s Recent Performance: Strong Rally Driven by Multiple Catalysts
At the close of the US stock market on April 21, Advanced Micro Devices (AMD) rose 3.47% to $284.49, with a trading volume of $10.933 billion, leading the day’s most active US stocks. Since hitting a low in early April, AMD has shown strong upward momentum, reaching a record high of $289 on April 22. For the month of April, the stock surged 35.16%, is up 28.39% year-to-date, and has soared 214.23% over the past 52 weeks.
Several institutions have recently raised their price targets for AMD. On April 20, Stifel Nicolaus increased its target from $280 to $320, maintaining a "buy" rating. The new target suggests about 14.95% potential upside. On the same day, BofA Securities raised its AMD target from $280 to $310, also maintaining a "buy" rating, and revised its projected compound annual growth rate for server CPU industry sales from 13% to 15% for 2026–2030. According to MarketBeat, 37 analysts currently tracking AMD maintain a "buy" rating, with a consensus price target of around $292.14. However, Bernstein, while raising its target, also cautioned that AMD has yet to prove it can secure large AI contracts without significant equity dilution.
Surging AI Compute Demand Powers Data Center Business
The core driver behind AMD’s robust performance is the ongoing, stronger-than-expected demand for AI computing power. CEO Lisa Su repeatedly emphasized in 2026 that all CPUs are sold out, and projected that data center business revenue could grow at an annual rate of over 60% for the next three to five years. AMD’s data center head went further, stating that there are no signs of demand slowing or stopping in the near term.
A key factor fueling this trend is the evolution of AI applications from large language models to agentic AI. According to a TrendForce research report, the current CPU-to-GPU ratio in AI data centers is between 1:4 and 1:8. As AI agents become more widely adopted, this ratio is expected to shift to 1:1 or 1:2. In the era of agentic AI, processes like task planning and tool invocation increasingly rely on CPUs, deepening their importance. Due to ongoing supply-demand imbalances, AMD announced price hikes in both March and April, with average CPU prices rising 10% to 15% since the end of February.
On the GPU side, AMD has also secured major orders. In February, Meta partnered with AMD to purchase up to 6 gigawatts of AMD data center equipment over the next five years. The first batch of devices featuring MI450 GPUs is expected to be deployed in the second half of 2026. AI-driven computing demand is accelerating growth across both AMD’s CPU and GPU business lines, providing solid fundamental support for the recent stock rally.
AMD Trading Options and Seamless Access on Gate
For investors seeking convenient exposure to AMD without being restricted by traditional US market hours, Gate offers a range of trading options. On January 30, Gate’s contract stock section launched the AMD tokenized stock perpetual contract, settled in USDT and supporting long and short positions with leverage from 1x to 20x. Additionally, AMDON (AMD tokenized stock), developed in partnership with Ondo Finance, is also available for trading—offering 24/7 market access for investors outside the US.
Gate enables investors to seize opportunities in volatile markets through cross-market trading, round-the-clock access, low-cost operations, and flexible stop-loss and take-profit strategies. Gate’s latest transparency report shows cumulative spot trading volume has surpassed $70 billion, with daily peaks over $10 billion, and both overall trading volume and market influence are on the rise.
Conclusion
In summary, Advanced Micro Devices (AMD) has demonstrated a powerful rally driven by multiple factors—surging more than 35% in April alone and reaching record highs, with leading institutions raising their price targets to the $310–$320 range. The core momentum comes from stronger-than-expected AI compute demand: CPUs are sold out, data center revenue growth is accelerating, Meta has placed large-scale GPU orders, and the rise of agentic AI is redefining CPU value, all providing lasting fundamental support. As a leading digital asset trading platform, Gate offers investors convenient access to AMD through its contract stock section and tokenized stock products. Investors can track real-time movements of AMD perpetual contracts and AMDON tokens on Gate to capture market opportunities.
