MU, INTC, SNDK: Chip Stocks Rally After-Hours On AMD’s Blowout Report

• AMD’s revenue rose 38% to $10.25 billion in the last quarter, beating analysts’ estimates of $9.9 billion, with data center segment sales surged 57%.
• AMD CEO Lisa Su said the server CPU target market would grow at a greater than 35% rate annually, reaching over $120 billion by 2030.
• Stocktwits sentiment was ‘extremely bullish’ for MU, INTC and AMD on Tuesday.

Advanced Micro Devices’ upbeat earnings report on Tuesday appeared to be boosting peer semiconductor stocks in overnight trading heading into the next day. 

Micron shares rallied 5.4%, while Intel and SanDisk stocks gained 4.8%. Memory component stocks, Seagate and Western Digital, also advanced 2% and 2.8%, respectively.

After Intel’s strong earnings last week, AMD’s report all but confirmed that surging demand for chips and components amid a rapid buildout for data centers was lifting all boats. 

AMD stock was up 18% in the overnight trading. 

AMD Results Recap

AMD’s revenue rose 38% to $10.25 billion in the last quarter, beating analysts’ estimates of $9.9 billion, with data center segment sales surged 57%. The company guided current-quarter revenue of $11.2 billion, plus or minus $300 million, also higher than the $10.54 billion analysts had penciled in.

Last week, Intel reported quarterly revenue and forecast that also beat expectations, triggering a 24% rally in its shares the next day. In all, INTC stock has gained an eye-popping 193% year-to-date.

Meanwhile, Micron has gained fresh momentum and surged 25% in the last three days.

Semiconductor stocks have been on a tear lately. The iShares Semiconductor ETF (SOXX), which tracks companies in the sector, has rallied over 55% from its recent low on March 30, with April emerging as its best month on record.

AMD's Bullish Signal

AMD, meanwhile, signaled that AI-driven sales growth would remain strong in the coming years, a message that appeared to lift sentiment across the sector.

“Based on the demand signals we are seeing today and the structural increase in CPU compute requirements driven by agentic AI, we now expect the server CPU TAM to grow at greater than 35% annually, reaching over $120 billion by 2030,” AMD CEO Lisa Su said in the company’s analyst call on Tuesday.

“It’s happening at a much faster pace… we’re seeing significantly more CPU demand from really every major cloud provider, as well as enterprise customers… We now expect server CPU revenue to grow by more than 70% year over year in the second quarter, with robust growth continuing through the second half of 2026 and into 2027.”

Micron, Intel, AMD, and Marvell are currently trading at all-time highs. On Stocktwits, the retail sentiment was ‘extremely bullish’ for MU, INTC, and AMD, and ‘bearish’ for MRVL and SOXX. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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