Trending Now - Tech Stocks Surge on Strong AI Demand and Revenue Growth

WHO:

Financial Times - Arm, a SoftBank-backed UK group, reported its quarterly results.

Yahoo Finance - Advanced Micro Devices (NASDAQ:AMD), led by CEO Lisa Su, reported its quarterly results.

WHAT:

Financial Times - Arm reported Q4 revenue of $1.5 billion, up 20% year-over-year.

Financial Times - Arm expects AGI CPU demand to drive $2 billion in sales in 2027 and 2028, over two times its prior guidance.

Financial Times - Arm shares jumped over 11% after hours.

Yahoo Finance - AMD reported revenue of $10.25 billion for the quarter, up 38% from a year earlier.

Yahoo Finance - AMD's adjusted earnings were $1.37 per share, exceeding analyst estimates.

Yahoo Finance - AMD's data center division sales increased 57% to $5.8 billion, driven by rising shipments of EPYC server chips and Instinct AI GPUs.

Yahoo Finance - AMD projected revenue of about $11.2 billion for the current quarter, above Wall Street expectations.

WHERE:

Yahoo Finance - The growth in AMD's data center division is supported by infrastructure spending related to Meta Platforms.

WHEN:

Financial Times - Arm's sales projections for $2 billion are for the years 2027 and 2028.

Yahoo Finance - AMD's revenue projection of about $11.2 billion is for the current quarter.

WHY:

Yahoo Finance - AMD's revenue growth is attributed to AI-driven demand and expanding data center deployments.

HOW:

Yahoo Finance - AMD's growth was supported by rising shipments of EPYC server chips and Instinct AI GPUs.

(UPDATED May 6, 2026 23:19 UTC)

Arm, a SoftBank-backed UK group, reported quarterly results showing a revenue of $1.5 billion, which is a 20% increase year-over-year, and their shares jumped over 11% after hours. Meanwhile, Advanced Micro Devices, led by CEO Lisa Su, announced a revenue of $10.25 billion for the quarter, up 38% from the previous year, with their data center division sales soaring 57% to $5.8 billion, driven by demand for EPYC server chips and Instinct AI GPUs. AMD also projected revenue of about $11.2 billion for the current quarter, exceeding Wall Street expectations, as their growth is fueled by AI-driven demand and increased infrastructure spending related to Meta Platforms.