Stock Market Today (LIVE): AMD Steps Out of Nvidia's Shadow
Today’s Highlights
đź“Ś Top story — scroll down for more updates
Top of the Morning
9:20 am — AMD +14.3% in pre-market trading
By Emily Flippen, CFA
Team Rule Breakers
AMD‘s (AMD +15.90%) first quarter earnings report just blew expectations out of the water, and in my opinion, justifies not just the strong nearly 20% pre-market pop but also warrants a change in the way investors think about this chip business. Investors have always been cautious with AMD since to many it felt like the business was playing catch-up to Nvidia (NVDA +3.50%), capturing the remaining tailwinds of a GPU tide that is being driven by its larger competitor. But this quarter showed that AMD’s lead in CPUs can be just as beneficial to its growth trajectory as its improving competitive position in GPUs.
Advanced Micro Devices
Today’s Change
(15.90%) $56.49
Current Price
$411.75
Key Data Points
Market Cap
$579B
Day’s Range
$405.70 – $430.48
52wk Range
$96.88 – $430.48
Volume
1.4M
Avg Vol
38M
Gross Margin
45.99%
Today’s Breakfast News
9:15 am — AMD +14.7% in pre-market trading
Advanced Micro Devices (AMD +15.90%) jumped 17% in pre-market trading after beating expectations in the first quarter of fiscal 2026 – on a day when chip stocks pushed the S&P 500 and Nasdaq to new record highs. The chipmaker – beating the S&P 500 by 55% since its 2024 Stock Advisor recommendation by Team Rule Breakers – saw revenue surge 38% in the quarter year over year (YOY), with non-GAAP earnings per share (EPS) up 43%.
- “Accelerating demand for AI infrastructure across our portfolio”: CEO Lisa Su spoke of the driving force behind AMD’s stunning start to the year, describing the quarter as “a clear inflection in our growth trajectory and a structural shift in our business.” AMD’s partnership with Meta (META +0.59%) should see the deployment of 6 gigawatts of Instinct graphics processing units (GPUs).
- Guidance for Q2 revenue to reach $11.2 billion: Management predicts a 9% revenue rise between this quarter and the next, which would mean a YOY increase of 46% in Q2.
This article was created using Large Language Models (LLMs) based on The Motley Fool’s insights and investing approach. It has been reviewed by our AI quality control systems. Since LLMs cannot (currently) own stocks, it has no positions in any of the stocks mentioned. Emily Flippen, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.