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AMD Stock Rises on AI Sector Optimism Amid Oracle’s Bullish Cloud Forecast
AMD Stock Rises on AI Sector Optimism Amid Oracle’s Bullish Cloud Forecast
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Advanced Micro Devices (AMD) shares gained 1.8% intraday, buoyed by Oracle's explosive cloud infrastructure revenue projections despite its Q1 earnings miss. The chipmaker stands to benefit from accelerated data center demand as Oracle forecasts its cloud business to grow 77% annually to $18 billion this fiscal year—with a staggering $144 billion target within four years.
While Oracle posted $1.47 adjusted EPS on $14.93B revenue (below consensus estimates), its forward guidance ignited rallies across AI-exposed assets. AMD's data center processors are positioned to capture tailwinds from this infrastructure expansion, reflecting broader institutional bets on AI-driven compute demand.
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