"AMD stock is holding up better. The chipmaker is up 103% year to date and 303% over the past year, with the move anchored by confirmed contracts rather than rumored ones. Q1 FY2026 revenue came in at $10.25B, with the Data Center segment up 57% year over year to $5.78B. Mizuho raised its price target to $515 from $415 just yesterday, reinforcing the agentic AI server demand thesis. Yet even with that endorsement, momentum traders appear willing to lock in gains after a 34% weekly pop."
Intel shares dropped about 10% to around $116 after closing near $129.44, following a parabolic run that added roughly 35% in a week and 218% year to date. The surge was driven by speculative catalysts, including reports of an Apple chip manufacturing deal and a Bank of America price target increase, despite an Underperform rating and warnings that much upside was already priced in. Reddit sentiment peaked during the rally, reflecting frothy, parabolic-phase language. AMD also declined about 5% to around $436 after gaining about 34% in the same week. AMD’s gains were supported by confirmed contracts and strong Q1 FY2026 results, including Data Center revenue growth, though traders still locked in profits after the sharp move.
Read at 24/7 Wall St.
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