AMD Is Up 8% Today: Is It Outperforming Other Chip Stocks Like Intel and NVIDIA?

AMD shares are up about 8% in midday trading, rebounding after an 8% decline over the prior five sessions. Intel is also higher, gaining roughly 6.5% intraday on reports of talks to acquire AI chip startup Tenstorrent, while NVIDIA gains about 2%. Despite AMD’s outperformance today, year-to-date performance is mixed, with Intel up roughly three times and NVIDIA lagging among the three. AMD closed Tuesday near $414.05, with Intel around $110.80 and NVIDIA near $220.61. AMD’s Q1 2026 results showed $10.25 billion revenue, up 38% year over year, with Data Center revenue rising 57%. Q2 2026 guidance targets about $11.2 billion revenue, implying 46% growth. Management cited accelerating demand for AI infrastructure and strengthening customer engagement around MI450 Series and Helios.

"Shares of Advanced Micro Devices ( NASDAQ:AMD | AMD Price Prediction) are up 8% in midday trading on Wednesday, leading the large-cap chip complex. The stock is bouncing off a soft week, with AMD shares having pulled back 8% over the prior five sessions before today's surge. Intel ( NASDAQ:INTC) is also higher, up 6.5% intraday after reports of talks to acquire AI chip startup Tenstorrent. NVIDIA ( NASDAQ:NVDA) is trailing the group with a gain of 2%."

"Part of today's pop is a clean bounce. After climbing 49% over the past month, AMD stock cooled into Monday, handing momentum buyers a more attractive entry. The fundamentals haven't changed, and Citi's recent $460 price target still anchors the bull case. Advanced Micro Devices' Q1 2026 report on May 5 delivered revenue of $10.25 billion, up 38% year over year. Data Center revenue of $5.78 billion surged 57%, and management guided Q2 2026 to roughly $11.2 billion, implying 46% growth."

"Advanced Micro Devices CEO Lisa Su asserted, "We delivered an outstanding first quarter, driven by accelerating demand for AI infrastructure ... Customer engagement around MI450 Series and Helios is strengthening, with leading customer forecasts exceeding our initial expectations." AMD offers the cleanest broad-based AI exposure across EPYC server CPUs, Instinct GPUs, embedded, and client. When chip s"

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