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As of Q4'25, AMD's EV/EBITDA ratio has surged to 199.05, marking a dramatic increase from the previous quarter's 65.88. This latest data point represents the highest value in the observed period from Q1'23 to Q4'25. Throughout this timeframe, the EV/EBITDA ratio exhibited significant volatility, with notable peaks in Q4'23 (64.83), Q3'25 (65.88), and a sharp spike in Q4'25. After reaching a high in Q4'23, the ratio declined steadily to Q1'25 (26.99), before rebounding sharply in the following quarters. The pronounced jump in Q4'25 suggests a substantial shift in market valuation or EBITDA performance, indicating heightened investor expectations or a significant change in AMD's financial outlook.