AMD shares fell 8.8% in after-hours trading despite beating revenue and EPS expectations with $11.54 billion in sales and $1.66 EPS. The company also forecasted $13 billion in the next quarter, above estimates, and expects data center sales to double by 2027. The drop may be linked to Elon Musk's announcement that SpaceX will use Nvidia chips exclusively, influencing investor sentiment. Despite the decline, AMD remains a top-performing stock in 2026, up 132% year-to-date.
The 2026 IPO wave, led by AI-focused companies like Coreweave, is drawing comparisons to the late-stage exuberance of the 1999 Internet Boom and the 2021 SPAC surge. Coreweave raised $1.5 billion despite significant losses, and shares have since drop...
Marvell Technology has delivered a 242% gain over the past year and is expected to continue growing due to accelerating AI infrastructure spending and custom silicon revenue set to more than double in fiscal 2028. The company reported strong Q2 fisca...
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 re...
NVIDIA's stock has surged 14,700% over the past decade, driven by its leadership in AI hardware. The company reported strong fiscal Q2 results with revenue up 106% year-over-year and expects 70% revenue growth in fiscal 2028, constrained by supply. A...
Citi reaffirmed its Buy rating on AMD with a $575 price target, highlighting strong momentum in AI, data-center, and server CPU markets. AMD's management raised the server CPU market forecast to $220 billion by 2030, driven by AI infrastructure inves...
