Overview
- AMD posted a first‑quarter beat with about $10.3 billion in revenue and $1.37 in adjusted EPS, and the stock jumped roughly 18% Wednesday after a record data‑center haul of $5.8 billion.
- The company guided second‑quarter sales to about $11.2 billion and said server CPU revenue should grow more than 70% year over year, backed by large deals that include Meta planning 6 gigawatts of AMD Instinct GPUs.
- Executives and analysts tied the surge to AI agents, which run many ongoing tasks and lean on CPUs to plan work and manage accelerators, and AMD now forecasts a faster CPU market that could approach $120 billion by 2030.
- Arm reported a record quarter with $1.49 billion in revenue and $313 million in profit but said its new AGI CPU has demand of more than $2 billion with secured capacity for only the first $1 billion, and the shares fell Thursday on supply concerns and smartphone softness.
- Both companies face a tight supply chain as TSMC wafer slots and advanced packaging remain scarce, which could slow how fast big cloud orders turn into shipped systems even as competition with Nvidia and Intel intensifies.