AMD is trading at $351.90 (+3.03%) as the stock rebounds from a recent HSBC downgrade while investors position for the company's Q1 2026 earnings report due after-market close today.
- Wall Street expects $9.84 billion in revenue (+32% YoY) and $1.28 EPS (+33% YoY), with critical data center revenue projected to reach $5.6 billion (+52% YoY).
- Semiconductor stocks are also gaining support from a broader market rally fueled by cooling labor market data, leading traders to reassess AMD's valuation and the AI chip demand outlook.