AMD Stock Jumps as Microsoft, Samsung Earnings Reignite AI Chip Trade
Advanced Micro Devices Inc. (NASDAQ: AMD ) shares are bouncing back from months of weakness on Thursday as blowout earnings from Microsoft and Lam Research combined with a record quarter from Samsung reversed a brutal stretch for chip stocks. Advanced Micro Devices stock is among today’s top performers. Why is AMD stock up today? Microsoft and Lam Research Blow Past Estimates and Reignite the AI Trade A couple of earnings reports released after Wednesday’s close were enough to flip the narrative for the entire semiconductor complex. Microsoft Corp. (NASDAQ: MSFT ) brought in $90.01 billion in fourth-quarter revenue, an 18% advance from the prior year that landed more than $2 billion above what analysts had modeled, while earnings of $4.74 per share cleared the $4.24 consensus by a wide margin. The cloud business drove the outperformance with Azure and other cloud services...
Advanced Micro Devices Inc. (NASDAQ: AMD ) shares are bouncing back from months of weakness on Thursday as blowout earnings from Microsoft and Lam Research combined with a record quarter from Samsung reversed a brutal stretch for chip stocks. Advanced Micro Devices stock is among today’s top performers. Why is AMD stock up today?
Microsoft and Lam Research Blow Past Estimates and Reignite the AI Trade A couple of earnings reports released after Wednesday’s close were enough to flip the narrative for the entire semiconductor complex. Microsoft Corp. 24 consensus by a wide margin. 3 billion, up 32%.
Azure crossed $100 billion in annual revenue for the first time in the company’s history and Microsoft 365 Copilot added users at a pace that pushed paid seats past 30 million. Lam Research Delivers Record Margins and Surprising Guidance Lam Research Corp. (NASDAQ: LRCX ) matched that energy with a quarter of its own. 68 the Street had anticipated.
4% both set new records for the company. 83 estimate. Shares gained 20% on the session, their strongest single-day performance in more than two decades. Samsung Adds Fuel With Record Profit and Tight Memory Supply Samsung Electronics Co.
5 trillion KRW, beating estimates, on the back of surging AI server memory demand while warning that supply constraints are expected to persist, with the shortage now seen extending all the way into 2028. 5 trillion KRW though it fell marginally short of the consensus. Samsung’s memory division delivered another record quarter driven by strong demand for server DRAM and HBM products, reinforcing comments from rival SK Hynix that an oversupply situation is not on the near-term horizon despite fears of a future glut as chipmakers race to expand AI memory capacity. AMD’S Trend Is Intact, But The Short-Term Tape Still Has Teeth AMD is still in a long—term uptrend.
2% above its 200—day SMA, supported by a bullish longer—term crossover with the 50—day SMA above the 200—day SMA. 5% below its 50—day SMA, which frames this bounce as a recovery attempt inside a shorter pullback. You can explore this setup with moving average signals. 12, which signals neutral momentum rather than an overbought blowoff.
RSI helps gauge whether a move is stretched, and here it suggests AMD has room to move either direction depending on whether buyers can reclaim key moving averages. 11 at the time of publication on Thursday, according to Pro. com