AMD reported a strong Q1 2026 driven by its Instinct GPUs and EPYC processors, with Data Center revenue up 57% YoY to $5.78 billion, lifting total revenue to $10.25 billion and non-GAAP EPS to $1.37. CEO Lisa Su highlighted accelerating AI infrastructure demand backed by major deals with Meta and OpenAI. Intel posted a modest 7.2% revenue increase to $13.58 billion, with Data Center and AI up 22%, and foundry revenue up 16%, but a $4.07 billion restructuring charge led to a GAAP net loss. Intel's non-GAAP EPS of $0.29 beat expectations, showing progress under CEO Lip-Bu Tan. AMD remains a fabless chip designer relying on TSMC, while Intel is rebuilding as an integrated manufacturer with government support. Looking ahead, AMD expects Q2 revenue growth of 46%, while Intel aims for $13.8-$14.8 billion revenue. Investors see AMD as a growth leader, but Intel's turnaround and government backing make it an intriguing contrarian play.
AMD's shares surged after the company announced it acquired MEXT, a firm specializing in memory optimization solutions. This move aims to address memory bottlenecks in AI development, helping AMD improve chip performance and cost efficiency. The acqu...
Chip stocks led a broad market rally on June 15, with AMD shares jumping 8% to a record near $558, pushing its market cap above $900 billion. The surge follows AMD's launch of the Ryzen AI Halo platform, priced competitively against NVIDIA's DGX Spar...
The Invesco PHLX Semiconductor ETF (SOXQ) has surged 89% year to date and 157% over the past year, fueled by booming AI-related chip demand and record hyperscaler capital expenditures. SOXQ holds 30 major U.S. semiconductor companies, heavily concent...
LongPoint Asset Management is launching three new double-leveraged ETFs on the Toronto Stock Exchange, offering 2X long exposure to Advanced Micro Devices (AMD), Micron Technology, and SpaceX. These ETFs, trading in Canadian dollars, aim to provide a...
AMD's market cap has surged to $834 billion, driven by strong Data Center revenue growth of 57% year-over-year and significant deals like Meta's multi-generation GPU purchase. The company has exceeded its 2030 earnings targets early, signaling robust...
