AMD's stock rose 3% after CFO Jean Hu increased the AI chip market forecast to $2-3 trillion by 2030, up from a previous $2 trillion estimate. This bullish outlook is supported by strong growth in AMD's Data Center segment, which more than doubled revenue year-over-year last quarter. AMD also confirmed TSMC will remain its primary chip foundry, closing speculation about shifting to Intel Foundry. Investors are watching AMD's valuation and upcoming Q3 2026 report, with revenue guidance of $13 billion, up 41% year-over-year.
The Invesco S&P 500 Momentum ETF (SPMO) remains a hold despite increased volatility and sharper pullbacks following its September rebalance. The fund shifted exposure from established tech giants like Nvidia and Broadcom to higher-beta AI infrastruct...
Advanced Micro Devices' Executive Vice President Forrest Norrod sold 17,262 shares worth $9.33 million, marking his third consecutive mid-month sale amid rising concerns in the AI sector. This insider selling coincides with broader tech industry worr...
Intel shares rose 5% to about $94 as semiconductor stocks recovered from a sharp sell-off last week driven by doubts over AI spending sustainability and data center investment returns. The sector-wide rebound included gains for AMD, Nvidia, and Micro...
