AMD Shares Rise Following CoreWeave Earnings Beat and Positive UBS CPU Report
Advanced Micro Devices (AMD) shares rose nearly 8% following a strong Q3 earnings report from AI cloud provider CoreWeave. CoreWeave exceeded revenue expectations with $3.66 billion in sales and raised its full-year 2026 revenue guidance, signaling significant upcoming capital expenditures that are expected to benefit semiconductor providers like AMD. Additionally, a report from UBS highlighted a 31% year-over-year increase in server CPU shipments for Q3. The report noted that AMD has maintained a steady market share of approximately 28.4%, while competitor Intel (INTC) saw a decline. Analysts suggest rising CPU prices and a projected $210 billion CPU market by 2030 provide a strong long-term growth trajectory for AMD.
Tickers: $AMD $CRWV $INTC $UBS
Topics: AI data centers CPU market share earnings report semiconductor industry
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