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.
U.S. semiconductor stocks rose on Wednesday as Advanced Micro Devices' strong outlook boosted investor confidence about sustained demand for AI infrastructure and that a shift toward CPUs would spur the next leg of spending.
After climbing 4.02% to their latest closing price of $355.26, Advanced Micro Devices (NASDAQ: AMD) stock soared 16.54% in the extended session to its May 6, press time price of $414.
Advanced Micro Devices (NASDAQ: AMD) delivered a clean beat-and-raise on Tuesday, but the stock still left investors with a harder question. The investors are wondering if the quarter was good enough or if the bar is already too high.
Advanced Micro Devices (AMD) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.3 per share. This compares to earnings of $0.96 per share a year ago.
The headline numbers for Advanced Micro (AMD) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Advanced Micro Devices' data center business is growing faster than Wall Street expected.