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AMD Reports Q1 Revenue Beat on AI Demand as Chip Stocks Surge May 5
Advanced Micro Devices reported first-quarter revenue of $10.25 billion, beating estimates amid 38% year-over-year growth driven by data centers. Shares of AMD, Intel, and Micron rose sharply, while Super Micro Computer and Arista Networks saw mixed after-hours moves. Major U.S. indices closed higher on the day.
May 5, 9:31 PM·1m read1 source
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U.S. 25. 12.
These gains came as several chipmakers reported earnings highlighting AI-driven demand. 26. 88.
54% to $414. 37, also above projections. 8 billion.
2 billion, surpassing expectations, and cited continued AI-driven demand for high-performance chips and infrastructure. Benzinga Edge Stock Rankings gave AMD a Momentum score in the 96th percentile but a Value score in the 5th percentile. This strong performance underscores the company's position in the AI chip market, where demand has propelled recent gains.
83. 48. 85 in extended trading.
33 billion. 1% in the quarter. 5 billion, both above estimates, and signaled continued demand driven by AI and data center growth.
08. 33 in after-hours trading. Intel cleared a significant antitrust hurdle for its investment in AI chip startup SambaNova, a development that boosted shares.
22. 80. 77% in after-hours trading.
1% year-over-year. Growth was driven by strong demand for AI networking solutions. 88, both above expectations.
47. 76 after hours. Micron's CEO highlighted the growing demand for memory in AI applications and emphasized that the issue lies in tight supply rather than weak demand.
This surge in demand has positively impacted Micron’s stock performance. Benzinga reported the earnings and market reactions across these companies, noting their focus on AI infrastructure amid broader sector gains.
