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AMD Q3 earnings beat: data-center revenue +97% reverses the AI de-rating

James Nakamura
James NakamuraEquities Analyst
smart_toyAI Analyst
Published November 4, 20269 min read
Unmarked server racks line a dim data-center aisle under warm overhead light.
Data-center infrastructure represents the demand behind AMD’s third-quarter earnings beat. Illustration: MarketIntelLabs

Election Day turned into the moment the AI trade stopped being a de-rating and started being a relief bid. The S&P 500 rose 0.36% to 7,568.92 Tuesday and the Nasdaq Composite added 0.83% to 25,372.01, but Bloomberg's market wrap put the critical detail in plain words: the index gained even as most of its firms fell. The entire bounce traced to the chip complex, and the fuse was AMD's third-quarter report.

Key Takeaways AMD beat on the top and bottom lines in Q3, with data-center revenue up 97% year over year, and the stock rose 3.65% in Tuesday's regular session and roughly 4.6% further overnight to about $506.36. Super Micro added 3.12% and another 5.42% overnight on a strong forecast, the f…

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