Advanced Micro Devices (AMD) is ripping higher on May 6 on the back of a blowout Q1 earnings release – featuring not only a beat on the top and bottom line, but an impressive guidance for the current quarter as well. AMD shares are up nearly 15% at the time of writing, compounding a remarkable 74% run in April.
It has been years in the making, but Advanced Micro Devices NASDAQ: AMD is set up to accelerate its revenue and sustain high-level growth for years, as it's become the spokes to NVIDIA's NASDAQ: NVDA hub. NVIDIA's GPUs and AI infrastructure offer many advantages and will continue to drive AI.
Advanced Micro Devices CEO Lisa Su said the company's strong first-quarter earnings were largely driven by boosted demand for central processing units. "Agents are really driving tremendous demand in the overall AI adoption cycle," Su said Wednesday.
Futures are pointing to a sharply higher open after an Axios report suggested the U.S. and Iran are nearing a memorandum of understanding that could ease ongoing conflict in the region. Kevin Green breaks down what a potential agreement could mean for markets, including the sharp drop in oil prices, while cautioning investors that similar geopolitical headlines have unraveled before.
AMD surges 15% after Q1 beat and strong outlook, boosting appeal of ETFs like SMH as investors seek growth with lower single-stock risk.
Advanced Micro Devices beats Q1 estimates and lifts outlook as AI-driven data center demand fuels strong revenue growth and record cash flow.
Stock futures are surging as oil prices plunge amid optimism that the end of the Iran war could be in sight; a report this morning indicates that the U.S. and Iran are close to reaching a deal to end the conflict, after President Trump on Tuesday said "great progress" was being made; AMD shares are soaring after the chipmaker's results topped Wall Street estimates, the latest sign of continued strong demand for AI hardware; Novo Nordisk shares are rising after the maker of Ozempic and Wegovy reported solid quarterly results; and shares of Disney, CVS and Uber are gaining ground after reporting results on a busy day for earnings. Here's what you need to know today.
Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) used its Q1 FY2026 earnings report to reset the ceiling on its server business, and the figure that matters most is a forward-looking outlook.
AMD investors are paying more attention to CPU momentum than they were recently.
Data centre demand is outstripping supply, margins are expanding, and Wall Street's models may still be too conservative The numbers Advanced Micro Devices Inc (NASDAQ:AMD, XETRA:AMD) posted on Tuesday were impressive - so much so, the shares shot up 17%. But the more revealing detail was buried in the guidance and the commentary around it: customer forecasts are exceeding AMD's own expectations, and supply, not demand, remains the binding constraint.
AMD (AMD) surged 18% after Q1 results and guidance exceeded expectations, driven by robust AI demand and server CPU growth forecasts. AMD now expects Q2 revenue between $10.9B and $11.5B, with server CPU revenue projected to grow over 70% year-over-year.
Shortly after the May 5 closing bell, Advanced Micro Devices (NASDAQ: AMD) reported its earnings, triggering an 18.10% extended-session rally that sent the stock flying from $355.26 on Tuesday evening to $419.55 on Wednesday morning.