Overview
- AMD shares jumped about 18% Wednesday after the company beat first‑quarter forecasts and guided second‑quarter revenue to about $11.2 billion.
- The data center unit grew 57% to roughly $5.8 billion, and AMD said server CPU revenue should rise more than 70% year over year in the second quarter.
- AMD highlighted large customer deals, including plans with Meta and OpenAI to deploy about 6 gigawatts of Instinct GPUs, with Meta also first in line for new EPYC server chips.
- Arm beat fourth‑quarter targets but disclosed it has secured manufacturing for only about $1 billion of more than $2 billion in orders for its new 136‑core AGI CPU, which reversed an initial stock pop.
- Arm’s shift from licensing to building its own AI processors adds execution risk because it must secure wafers, memory, and advanced packaging from suppliers such as TSMC.