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AMD's Data Center "Momentum"
And, Super Micro cuts sales outlook.
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Today is Wednesday, May 7, 2025.
The Early Bird Index today is 70.43
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AMD's Data Center "Momentum"
Advanced Micro Devices $AMD ( ▲ 1.34% ) ticked up 1.72% in after-hours trading on Tuesday thanks to the technology company’s strong financial earnings results.
Financials: AMD reported earnings of 96 cents per share and revenue of $7.4 billion in the past quarter; both were better than expected.
Powering the Story: Data center revenue jumped 57% in the quarter. CEO Dr. Lisa Su praised the “expanding data center and AI momentum.”
Early Bird’s Nest Egg Gains: The primary driver for AMD’s data center business has been the explosive demand for AI workloads, which require powerful GPUs and CPUs. AMD's Instinct AI GPUs and EPYC server CPUs have seen significant adoption in many sectors.
Final Thoughts: AMD, down 18% this year, is trying to turn things around.
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Notables
Notable Earnings Today: Walt Disney (NYSE: DIS), Uber (NYSE: UBER), AppLovin (Nasdaq: APP), Carvana (NYSE: CVNA), Arm Holdings (Nasdaq: ARM), Cleveland-Cliffs (NYSE: CLF), DoorDash (Nasdaq: DASH), Fiverr (NYSE: FVRR), AMC Entertainment (NYSE: AMC), Beyond Meat (Nasdaq: BYND), Zillow (Nasdaq: ZG), Unity Software (NYSE: U), TripAdvisor (Nasdaq: TRIP), Bumble (Nasdaq: BMBL), Flutter Entertainment (NYSE: FLUT), Fortinet (Nasdaq: FTNT), Axon (Nasdaq: AXON), Dutch Bros (NYSE: BROS), Occidental Petroleum (NYSE: OXY), Barrick (NYSE: GOLD), New York Times (NYSE: NYT), Joby Aviation (NYSE: JOBY), H&R Block (NYSE: HRB), Flex (Nasdaq: FLEX), Avis Budget (Nasdaq: CAR), Teva Pharma (NYSE: TEVA), Oscar Health (NYSE: OSCR), Bunge (NYSE: BG), Amplitude (Nasdaq: AMPL), AvidXchange (Nasdaq: AVDX), Axalta Coating Systems (NYSE: AXTA), Azenta (Nasdaq: AZTA), B&G Foods (NYSE: BGS), Bio-Techne (Nasdaq: TECH), Bloomin' Brands (Nasdaq: BLMN), BorgWarner (NYSE: BWA), CF Industries (NYSE: CF), CDW (Nasdaq: CDW), Centuri Holdings (NYSE: CTRI), Conduent (Nasdaq: CNDT), Digi International (Nasdaq: DGII), Dine Brands (NYSE: DIN), Emerson Electric (NYSE: EMR), Entegris (Nasdaq: ENTG), Fastly (NYSE: FSLY), Genpact (NYSE: G), GoodRx (Nasdaq: GDRX), Hain Celestial (Nasdaq: HAIN), Johnson Controls (NYSE; JCI), Kyndryl (NYSE: KD), LifeStance Health Group (Nasdaq: LFST), LivaNova (Nasdaq: LIVN), Magnera (NYSE: MAGN), Magnite (Nasdaq: MGNI), Marriott Vacations (NYSE: VAC), MercadoLibre (Nasdaq: MELI), Owens Corning (NYSE: OC), Paycom Software (NYSE: PAYC), Payoneer (Nasdaq: PAYO) Performance Food Group (NYSE: PFGC) Rockwell Automation (NYSE: ROK) Pitney Bowes (NYSE: PBI), QuidelOrtho (Nasdaq: QDEL), Radware (Nasdaq: RDWR), Sabre (Nasdaq: SABR), Sinclair Broadcast (Nasdaq: SBGI), Skyworks (Nasdaq: SWKS), Sonos (Nasdaq: SONO), Southwest Gas (NYSE: SWX), Steve Madden (Nasdaq: SHOO), Suncor Energy (NYSE: SU), Sunrun (Nasdaq: RUN), Taboola (Nasdaq: TBLA), TPG (Nasdaq: TPG), Trimble (Nasdaq: TRMB), Veeco Instruments (Nasdaq: VECO), Verisk Analytics (Nasdaq: VRSK), Vertex (Nasdaq: VERX), Vistra Energy (NYSE: VST).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: Blip Delivery (StartEngine), 2B Whole Gluten Free Bakery (Honeycomb).
Notable Economic Events Today: Crude Oil Inventories (10:30 a.m. ET), Fed Interest Rate Decision / FOMC Statement (2:00 p.m. ET), Consumer Credit (3:00 p.m. ET).
Super Micro Cuts Sales Outlook
Super Micro Computer $SMCI ( ▼ 1.14% ) fell 4.77% in after-hours trading on Tuesday after posting mixed financial earnings results.
Financials: Super Micro reported earnings of 31 cents per share in the past quarter, which were better than expected. But the revenue was only $4.6 billion, which was lower than expected.
Final Thoughts: The company also cut its revenue outlook for 2025, which disappointed investors.
Sui Falls After Big Rise
The price of the cryptocurrency Sui $SUI.X ( ▲ 9.56% ) fell about 4% on Tuesday after weeks of surging in value.
Final Thoughts: In the past 30 days, Sui is up over 60%.
Trends to Watch
Driving to Nowhere: Rivian cuts 2025 delivery target, ups expected spending amid tariff pressures (CNBC)
Game Winner: Electronic Arts Reveals New ‘Battlefield’ Game Will Launch by March 2026 as It Beats on Latest Earnings (Variety)
Holding Pattern: Bitcoin Dominance Soars Ahead of FOMC as Volatility Burst Looms, Says Analyst (CoinDesk)
New Integration: Tether adds Chainalysis tokenization platform for compliance, monitoring (Cointelegraph)
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