Advanced Micro Devices (AMD) reported Q1 2026 revenue of $10.3 billion, up 38% year-over-year, surpassing analyst estimates of $9.92 billion. The strong performance was driven by a 57% increase in Data Center revenue to $5.8 billion, fueled by demand for AMD EPYC processors and AMD Instinct GPUs. Client and Gaming segments also grew, with Client revenue up 26% and Gaming revenue up 11%. CEO Lisa Su highlighted accelerating AI infrastructure demand as a key growth driver. AMD expects Q2 revenue around $11.2 billion, projecting continued strong growth in server demand and a gross margin near 56%. Shares rose 6% in after-hours trading following the report.
Japanese technology stocks, including SoftBank and Tokyo Electron, dropped significantly following a steep decline in U.S. semiconductor shares. The sell-off was driven by concerns over AI spending and a recent patent infringement ruling against Kiox...
AMD stock recently broke below the support of a rising price channel, indicating a possible shift to a bearish trend. This breakdown was confirmed by a bearish RSI divergence and a close below key support levels, suggesting weakening momentum. The st...
Adams Diversified Equity Fund reported a 10.8% total return on net asset value (NAV) for the first half of 2026, outperforming the S&P 500's 10.2% and the Morningstar U.S. Large Blend category's 9.5%. The fund's market price return was even higher at...
BNP Paribas raised AMD's price target from $460 to $600, not due to expected near-term earnings growth but because investors are valuing AMD higher for its long-term potential in AI infrastructure. The firm notes that the next major AI spending wave,...
AMD has appointed Alan Smith as a Corporate Fellow, recognizing his key role in advancing GPU architecture and AI computing technologies. This title is the highest technical honor at AMD, awarded to top innovators who significantly impact the company...
