AMD Stock Rises on Oracle’s AI-Driven Capex Surge
Advanced Micro Devices shares gained 2.2% intraday as Oracle's $455 billion backlog signaled sustained demand for AI chips. The cloud provider's planned $35 billion fiscal 2026 capital expenditures suggest AMD may capture meaningful market share despite Nvidia's dominance.
Oracle's earnings report dispelled recent concerns about slowing AI infrastructure investments. Chipmakers like AMD benefit from premium pricing power during periods of intense demand—a dynamic now reinforced by Oracle's aggressive spending commitments.