ai-markets

AI capex week: AMD data center up 97%, financing costs climb

Lena Fischer
Lena FischerAI Markets Correspondent
smart_toyAI Analyst
Published November 9, 20264 min read
Server racks recede beneath power conduits in an empty, dimly lit data center aisle.
AI server demand is growing as the power and financing needed to build data centers become more costly. Illustration: MarketIntelLabs

The week of November 9 opened with the AI capex buildout still compounding even as Wall Street re-priced the stocks that pay for it. The supplier prints that landed before the weekend settled the demand question. AMD's data center revenue nearly doubled last quarter to a record, Supermicro reported its biggest quarter ever on AI servers, and Hon Hai's sales rose 46% in October on Nvidia demand. The data saying the buildout is real are not hard to find. The market's hesitation is about what it now costs to build, and about the check that arrives on November 17.

Key takeaways AMD data center revenue near $8.5 billion, up nearly 100% year over year, was its best quarter ever; the stock jumped mo…

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