Key Points
- AMD’s data center revenue grew 57% in Q1 2026.
- Qualcomm shares surged after securing ByteDance as a customer for AI data centers.
- Broadcom will report its quarterly results on June 3, 2026.
Advanced Micro Devices (AMD) reported a 38% increase in overall revenue, reaching $10.3 billion in Q1 2026, with data center segment revenue hitting a record $5.8 billion. The revenue projection for Q2 is approximately $11.2 billion, signaling a potential 46% year-over-year growth. Meanwhile, Qualcomm experienced a price jump of approximately 40% in May 2026 due to unconfirmed reports of a deal to supply custom chips to ByteDance, the owner of TikTok.
Broadcom reported a 29% revenue increase in its fiscal Q1 2026, reaching $19.3 billion, with a notable AI revenue surge of 106%, climbing to $8.4 billion. This growth is driven by demand for custom chips across major cloud companies. Broadcom is scheduled to release its financial results on June 3, which are highly anticipated by investors looking for signs of sustained growth in the semiconductor industry.
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