Advanced Micro Devices' AMD stock has risen 5% since surpassing its Q1 expectations on Tuesday, with the post-earnings rally gaining steam as President Trump boosted markets by announcing a new trade deal with the United Kingdom.
Nvidia gained sharply alongside other chip stocks after the Commerce Department said it doesn't intend to implement AI processor restrictions drawn up under the Biden administration.
The 'Fast Money' traders react to report Pres. Trump going to rescind chip curbs.
Bank of America upgraded Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) to Buy after its first-quarter results, highlighting strong growth potential in AI chips, gains in PCs and servers, and an attractive valuation. The bank raised its price objective to $120 from $105, implying roughly 22% upside from AMD's Monday closing price of $98.62.
Lisa Su, CEO of AMD, discusses the company's most recent earnings and how tariffs are impacting the business.
Advanced Micro Devices' Q1 2025 results reflect robust Client and Data Center revenues, offsetting weakness in the Gaming and Embedded segments.
Advanced Micro Devices Inc (NASDAQ:AMD) and Super Micro Computer Inc (NASDAQ:SMCI) announced first- and fiscal third-quarter results, respectively, after yesterday's close.
Advanced Micro Devices Inc (NASDAQ:AMD) shares were little moved by an earnings report that showed quarter-on-quarter decline in revenues and profits, with the semiconductor group's AI sales better than feared. Analysts said AMD significantly outperformed in its traditional markets and provided a constructive outlook for its GPU business that may alleviate investor concerns on that front.
The revision trend following the release included numerous share price reductions despite citing the very strong result, strength in core businesses, and outlook for market share gains.
US stocks are expected to bounce back on Wednesday as China confirmed that trade talks with the US are set to begin in a matter of days. Futures for the Dow Jones were up 0.7%, while those for the S&P 500 and Nasdaq 100 were up just over 0.6%.
The chip maker's revenue for the latest quarter was $7.4 billion, above analysts' estimate for $7.1 billion.
Nvidia was reacting after rival Advanced Micro Devices and partner Super Micro Computer reported earnings.