Earnings reports from Advanced Micro Devices and Arm Holdings are anticipated to provide crucial insights into AI infrastructure demand ahead of Nvidiaâs results. While semiconductor stocks have faced challenges, including a 14% drop in the Philadelphia Semiconductor Index this year, major tech companies continue to invest in AI technologies. AMD and Arm are both projected to report substantial revenue growth, indicating potential resilience in the AI sector despite market concerns. Palantir Technologies has raised its revenue outlook, further highlighting strong demand in the AI market even as its stock price sees fluctuations.
Though chipmaking stocks have taken hit this year, underlying results may show a stronger foundation for the AI trade than recent stock performance indicates.
Companies including Meta Platforms Inc., Alphabet Inc., and Microsoft Corp. have pledged that they'll either keep up previously announced spending or plow even more into AI.
Nobody's stopping their CapEx... they're increasing it. This shows a strong demand for AI infrastructure despite current market volatility.
AMD is expected to report $7.1 billion in revenue, a 30% increase, while Arm is expected to report $1.23 billion in revenue, up 33% in the same period.
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