AMD Surges 8% on Strong Q1 Results; Outperforms Intel and NVIDIA Intraday
Advanced Micro Devices (NASDAQ:AMD) stock rose 8% following strong first-quarter results with $10.25B in revenue, a 38% year-over-year increase driven by a 57% jump in Data Center sales to $5.78B and Q2 guidance of $11.2B implying continued growth. Intel (NASDAQ:INTC) gained 6.5%, buoyed by acquisition talks with AI chip startup Tenstorrent, while NVIDIA (NASDAQ:NVDA) rose only 2%. AMD outperformed its peers intraday despite a broader market rotation into value-chip names.
Topics: AMD chip stocks Intel market performance NVIDIA