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 expanding 43% and total intelligent cloud revenue reaching $39.3 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.

Revenue of $6.72 billion topped the $6.67 billion estimate while adjusted earnings of $1.82 per share came in well above the $1.68 the Street had anticipated.

Gross margin of 51.7% and operating margin of 37.4% both set new records for the company.

The forward guidance was the part that truly shocked the market, with first-quarter revenue expected between $7.70 billion and $8.50 billion against a consensus of just $7.09 billion and adjusted earnings per share projected at $2.00 to $2.30 versus the $1.83 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. (OTC: SSNLF ) added another layer of fuel to Thursday’s chip rally after the Korean giant posted a record second-quarter operating profit of 89.5 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.

Revenue reached a record 171.5 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.

The stock sits 22.8% above its 100—day SMA and 57.2% above its 200—day SMA, supported by a bullish longer—term crossover with the 50—day SMA above the 200—day SMA.

The short—term picture is choppier since AMD is 5.6% below its 20—day SMA and 4.5% 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.

RSI offers the cleanest momentum read at 47.12, 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.

Resistance: $546.50 — a nearby ceiling that lines up with a recent rebound—stall zone and sits just above the short—term moving—average area AMD is trying to regain Support: $460.00 — a nearby floor close to current price action and a logical spot where dip buyers may defend the recent range AMD Shares Are Flying AMD Price Action: Advanced Micro Devices shares were up 13.40% at $487.11 at the time of publication on Thursday, according to Pro.

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