Advanced Micro Devices Inc. AMD drew bullish reactions from CNBC commentators and Wall Street analysts after the chipmaker posted strong first-quarter results fueled by accelerating AI and server demand.

Super Micro Computer reported sales more than doubling, also driven by the booming data-center business. The stock jumped 18%, to $32.67, following the market close. Arista Networks reported a higher profit and a rise in revenue in the first quarter. However, shares fell 12%, to $150.32

Advanced Micro Devices — Shares popped 7% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher.

AMD rose after an analyst upgrade pointed to stronger expectations for data center GPU demand, with upcoming earnings set to provide updated detail on revenue and deployment growth tied to AI infrastructure.

At CES 2026, AMD CEO Lisa Su put a number on how fast AI compute is growing. Since 2022, AI computing power has climbed from 1 zettaflop to more than 100 zettaflops, driven by AI training and inferencing in data centers. But over the next five years, Su ...

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Bernstein analyst Stacy Rasgon remains bullish on AMD, maintaining a market perform (hold) rating and raising his price target to $265 from $235. That increase was barely 3% above Wednesday's closing price, and it's worth noting that the stock had already eclipsed that new, higher price target in early trading on Thursday.

The first quarter earnings season continues in earnest next week, with 121 companies in the S & P 500 , or approximately a quarter of the index, on the docket to share their latest results. The two stocks that are also in the Dow Jones Industrial Average — Walt Disney and McDonald's — will be the week's headliners,

By Noel Randewich and Utkarsh Hathi May 6 (Reuters) - The S&P 500 and the Nasdaq jumped to record highs on Wednesday, buoyed by signs of a resolution in the Middle East conflict, while strong earnings from Advanced Micro Devices sparked a rally in chipmakers and other AI-related stocks.