Winter 2027, Summer 2027
Posted on 8/21/2026
Designs and sells processors, GPUs, accelerators
No salary listed
No H1B Sponsorship
San Jose, CA, USA + 1 more
More locations: Santa Clara, CA, USA
Hybrid
Full-time hybrid or on-site work is required throughout the internship or co-op term.
PhD
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AMD is a semiconductor company that designs and sells processors, graphics cards, and accelerators for a range of customers, including data centers, AI developers, and enterprises. Its products include Ryzen CPUs for desktops, EPYC CPUs for data centers, and Radeon GPUs for gaming and professional visualization. AMD also offers the ROCm software stack and Instinct accelerators to boost AI and machine learning performance. The company earns revenue from hardware sales, technology licensing, and software that optimizes hardware performance. AMD differentiates itself through a broad portfolio that combines high-performance CPUs, GPUs, and AI accelerators, along with software ecosystems that optimize compute workloads. Its goal is to provide scalable, efficient computing power for gaming, data centers, and AI workloads while pursuing responsible corporate practices.
Company Size
10,001+
Company Stage
IPO
Headquarters
Santa Clara, California
Founded
1969
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Hybrid Work Options
Advanced Micro Devices and Salesforce are both pivoting heavily towards artificial intelligence, making them key players in the technology sector. AMD designs high-performance computing products for data centres and gaming, benefiting from partnerships with OpenAI and Anthropic. In the fiscal year ended 27 December 2025, AMD's revenue reached nearly $34.6 billion, representing growth of approximately 34.3% year over year. Net income was roughly $4.3 billion, with a net margin of nearly 12.5%. Free cash flow reached close to $6.7 billion. Salesforce provides a unified platform for managing customer relationships. The company recently completed its acquisition of Informatica and reached a definitive agreement to acquire Fin to enhance its AI agent capabilities.
Advanced Micro Devices shares fell nearly 4% to $465 on Wednesday, even as the broader Nasdaq rebounded. The chip maker reported strong second-quarter results, with data-centre revenue surging 107% to $6.7 billion, representing roughly 58% of total sales. However, investors remain cautious as competition intensifies in the AI chip market. Nvidia maintains dominance whilst hyperscalers like Google increasingly develop custom silicon, reducing reliance on merchant chips. Valuation concerns also weigh on the stock. According to GuruFocus, AMD trades 71.55% above its fair value estimate of $272.45. Whilst the company's growth story remains robust, the current share price appears to demand significant future performance to justify present levels.
Cerebras Systems has launched its CS-4 AI system, promising up to twice the token-generation speed of its predecessor, six times higher system-level performance, and up to 10 times more tokens per watt in certain applications. The company announced partnerships with OpenAI and AMD to enhance inference capabilities. The AMD collaboration features a split architecture where GPUs handle model prefill whilst Cerebras manages token decoding. Cerebras is expanding its data-centre capacity, with 600 megawatts of power expected online or under contract by the end of next year. The company is targeting AI-agent, design, coding, and cybersecurity applications that benefit from lower latency. CEO Andrew Feldman emphasised that inference speed has become a product-level consideration. Cerebras hardware powers OpenAI's GPT-5.6 Sol Ultrafast mode, which runs models at up to 14 times standard speed.
AMD shares have surged around 125% in 2026, but the chipmaker's valuation has reached concerning levels compared to rival Nvidia. AMD trades at 124 times trailing earnings versus Nvidia's 31 times, despite slower growth rates. Using 2027 projections, AMD still trades at 34 times earnings whilst Nvidia sits at 17.5 times forward earnings. AMD's Q2 data centre revenue grew 107% year-on-year, but Nvidia achieved 92% growth in its fiscal Q1 and may surpass AMD's rate when it reports results in late August. AMD's diversified business model has resulted in slower overall revenue and earnings growth than Nvidia, despite similar operations in AI infrastructure. The valuation disparity suggests AMD would need 18 months of growth to reach reasonable levels if shares remained flat.
Advanced Micro Devices delivered a 7,000% return over the past decade, turning a $10,000 investment into approximately $724,000, compared to $42,000 from the S&P 500. The chipmaker's revenue grew from $4.3 billion in 2016 to $41.3 billion over the past 12 months, driven primarily by its data centre business. In the second quarter of 2026, AMD's data centre revenue more than doubled year over year to $6.7 billion, representing 58% of total company revenue. The stock's rise came from revenue growth, a shift from losses to profits, and expanded market valuation. However, the journey included volatility. Shares dropped 55% in 2022 alone. At its current $800 billion market value and trading at 124 times earnings, future returns will depend on continued earnings growth rather than valuation expansion.