Advanced Micro Devices (AMD) reported first-quarter earnings and revenue that exceeded analysts' expectations, driven by a 38% revenue increase and a 57% jump in data center sales. The company forecasts about $11.2 billion in revenue for Q2, surpassing estimates, as demand for AI chips continues to grow. CEO Lisa Su highlighted the data center unit as the main growth driver and expects server growth to accelerate with increased supply. AMD's stock has more than tripled in the past year, fueled by optimism around AI and new product launches like the Helios AI data center system.
The Nasdaq is approaching correction territory amid significant sell-offs in AI value chain leaders and semiconductor stocks due to profit-taking. Despite concerns like China's CXMT IPO, major memory chipmakers SK hynix, Samsung, and Micron maintain ...
Apple became the second company ever to surpass a $5 trillion market valuation, reaching $5.04 trillion after its shares hit a session high of $342.89. This milestone was driven by strong demand for Apple products and its choice to avoid heavy AI spe...
Tech and chip stocks fell sharply as investors worry about a potential AI bubble and China's rapid tech advancements. Major US chipmakers like Micron, AMD, and Nvidia saw significant declines, while investors question if massive AI spending by giants...
Technical analysis suggests AMD's stock could fall about 39% to $300 by early January 2027, signaling a major correction after its recent AI-driven surge. Despite strong financial results and growth in AI-related revenue, the stock shows signs of wea...
AMD is viewed as a leading long-term player in AI infrastructure due to its advanced architecture and strategic deals, including a multi-year partnership with Anthropic. Its strong valuation at 38.2x forward P/E and investments in memory and packagin...
