Overview
- U.S. chip stocks rallied Wednesday after AMD beat first‑quarter targets and guided second‑quarter sales to about $11.2 billion, pointing to fast growth in AI data‑center demand.
- AMD said the server CPU market could grow more than 35% a year through 2030 as companies move from training models to running them at scale, which lifts demand for inference compute.
- Samsung’s share surge pushed its value past $1 trillion and helped South Korea’s Kospi break above 7,000, with tight supplies of high‑bandwidth memory and DRAM supporting prices.
- Super Micro jumped on a stronger outlook, with a legal overhang still in place from U.S. charges against a co‑founder tied to alleged illegal shipments of servers and chips to China.
- Oil prices fell on signs of progress in U.S.–Iran talks and a pause in Hormuz escort operations, easing costs for travel and transport firms and reinforcing a stock rally that set new S&P 500 and Nasdaq highs.