Shares of AMD and Intel each rose 3% due to separate catalysts: AMD was upgraded by Raymond James with a higher price target citing AI server CPU growth, while Intel's gain followed a disclosure of insider buying by Paul Pelosi. This outpaced broader chip sector gains and highlighted a split between turnaround stocks and established AI leaders like NVIDIA and Broadcom. Investors are cautious ahead of NVIDIA's Q2 2027 earnings report, which could significantly impact the semiconductor group.
AMD reported robust Q2 results with revenue reaching $11.5 billion, fueled by a 107% growth in its data center segment driven by strong AI compute demand. Margins improved year-over-year, reflecting better cost efficiency. The company projects Q3 rev...
Anthropic has secured a $45 billion, six-year deal to rent AI computing power from British startup Nscale, utilizing Nvidia's cutting-edge Vera Rubin chip system. This deal, starting in late 2027, adds to Anthropic's aggressive expansion of compute c...
Advanced Micro Devices (AMD) projects its Data Center revenue will more than double by 2027, with server CPU revenue growing over 70%. This growth is supported by AMD's Helios platform, which integrates MI450 GPUs, Venice CPUs, Pensando networking, a...
Anthropic has secured a $45 billion cloud computing agreement with UK-based AI infrastructure firm Nscale, renting 460 megawatts of capacity at a new data center in West Virginia. This deal, expected to be operational by the end of 2027, will use Nvi...
AMD's stock has surged 123.75% year to date, driven by a doubling of data center revenue and expanding deals with major AI hyperscalers like OpenAI and Meta. The company reported Q2 FY2026 revenue of $11.54 billion, up 50% year-over-year, and expects...
