AMD’s earnings countdown is on

The clock is ticking

AMD is in the classic “everyone has an opinion, nobody has the numbers yet” phase. The video is basically a hype trailer for the company’s upcoming May 5 earnings report, with Intel’s results and the broader AI arms race setting the scene.

Why the market cares

When AMD reports, investors usually care about three things:

• whether AI chip demand is still ripping
• whether the company is keeping up with Intel and the rest of the semiconductor pack
• whether management sounds confident enough to keep the stock’s momentum alive

That’s the fun part of AMD right now: the story is no longer just “good chip company.” It’s “how much of the AI buffet can AMD actually carry back to the table?”

Bigger than one earnings call

The mention of Meta, Amazon, Google, and Anthropic matters because those names are the kind of cloud and AI customers that can make or break the bull case. If those companies keep spending on compute, AMD gets a tailwind. If they tap the brakes, the valuation crowd gets nervous fast.

Big picture

This isn’t fresh numbers yet — it’s the market building a runway for them. And for AMD, that means the next big move may come from what it says on May 5, not what the stock has already done on the way there.