🟢 AMD is trading 18% up today on Q1 earnings beat and raised guidance driven by AI demand

AMD is trading at $419.58 (+18%) after reporting Q1 earnings that crushed expectations, fueled by massive growth in its Data Center segment and a positive outlook for AI infrastructure.

• Revenue reached $10.3B (up 38% YoY) with an EPS of $0.84, driven by a 57% surge in Data Center sales from AI accelerators and EPYC CPUs.
• CEO Lisa Su raised Q2 guidance above analyst estimates, citing accelerating demand for AI infrastructure and strong momentum following a +4% gain on May 5.