Advanced Micro Devices shares rose more than 7% on Tuesday as investors positioned for the chipmaker's second-quarter earnings report. The AMD stock advanced ahead of results due after the market close, extending a recovery after a volatile stretch for semiconductor shares.
AMD, DAR and RAL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 4th, 2026.
As AMD prepares to report earnings Tuesday after the bell, market participants face a divergence between positive earnings results and negative price action.
CTXAY, PICS, SLDE, AMD and RS have been added to the Zacks Rank #1 (Strong Buy) List on August 4th, 2026.
Micron, AMD and SanDisk rose about 3% in early pre-market trading on Tuesday as investors rebuilt positions in volatile AI-linked semiconductor stocks. The gains followed stronger-than-expected results from Palantir, whose accelerating revenue and upgraded annual outlook showed companies moving beyond AI trials and spending on deployments.
I'm rating Core Scientific a Strong Buy with a price target of $28, implying a 40% upside potential. My main growth drivers are the CoreWeave ramp, the AMD Phase 1 contract, additional power monetization, and the mix shift away from bitcoin mining. Together, these drivers support my estimate of about $1.2 billion in potential 2028 EBITDA before applying a conservative adjustment for corporate costs and execution risk.
Semiconductor stocks just had their toughest month in over a decade. Are they due for a rebound?
Results land on Tuesday after-hours with data centre revenue expected to double and the sector in retreat Advanced Micro Devices Inc's (NASDAQ:AMD, XETRA:AMD) second-quarter print is the official set-piece since a sharp reversal in sentiment towards semiconductor stocks. The Philadelphia Semiconductor index has fallen roughly 20% from its late-June peak, wiping more than $1 trillion from the value of chipmakers worldwide, even though it remains up around 90% over 12 months.
AMD reports Q2 2026 earnings after the market close on August 4, 2026, and the setup is one of the more interesting in AI infrastructure.
AMD's Q2 topline may get a lift from surging Data Center demand as EPYC CPUs, Instinct GPUs and cloud expansion drive expected growth.
I hit the buy button on Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) this morning as the market keeps handing me a discount on the one company quietly becoming the second pillar of the AI infrastructure buildout.
Stock futures are pointing to a higher open to kick off August trading as investors look ahead to a packed week of earnings reports; oil prices are tumbling after the U.S. paused strikes on Iran over the weekend; SpaceX is due to reports earnings for the first time this week, headlining a busy week of corporate results; Palantir is scheduled to release its earnings report after the closing bell today; and shares of AstraZeneca and Bristol-Myers Squibb are moving sharply following a report that the pharmaceutical giants have discussed a potential merger. Here's what you need to know today.