Advanced Micro Devices (AMD) reported second-quarter earnings that exceeded expectations with adjusted EPS of $1.66 and revenue of $11.54 billion, driven mainly by a 107% surge in Data Center sales to $6.7 billion. Despite the strong results, AMD's stock dropped more than 10% in after-hours trading, partly due to revenue guidance of about $13 billion for the next quarter, which was below some analysts' expectations. The company highlighted growth in AI-related products, including its Instinct GPUs and upcoming Helios rack AI system, positioning AMD as a key player in the expanding AI semiconductor market. AMD also raised its forecast for the semiconductor industry's size by 2028, emphasizing AI accelerators as a major growth driver.
AMD reported a historic quarter with $11.5 billion revenue and 107% growth in its Data Center segment, driven by strong demand from major clients like OpenAI and Microsoft Azure. Despite a recent stock pullback due to AI investment concerns and gamin...
AMD benefits from Intel's repeated PC CPU price increases, creating a favorable pricing environment for AMD's products. The total addressable market for AMD's server CPUs is projected to reach $220 billion by 2030, with AMD aiming for over 50% market...
In Q2 2026, Baron Technology ETF gained 38.95%, closely tracking the MSCI ACWI Information Technology Index. The fund initiated a position in Advanced Micro Devices (AMD) and trimmed holdings in NVIDIA and Amazon to balance its portfolio. It also inc...
