Zaid Mani

Wall Street analysts were expecting that to be 10.5 billion.

So that's a massive beat on the outlook.

You know, similar to NVIDIA, AMD has now graduated from a company that makes chips for gaming PCs to being a full-blown AI infrastructure company.

These big tech companies like Microsoft, Google, Meta, and Amazon are planning to spend 700 plus billion dollars on AI CapEx this year, and they don't want to be locked in on just NVIDIA's chips, so AMD is benefiting from that.

In fact, both OpenAI and Meta have signed up for AMD's upcoming Helios RackScale AI system, which is designed to go head-to-head with NVIDIA's top hardware.

And since AI workloads are now shifting towards inference and agentic AI, CPUs are seeing a huge surge in demand from AI data centers.

AMD CEO Lisa Su said that server CPU revenue will grow more than 70% this quarter.

She also raised the company's long-term growth forecast for the data center CPU market from 18% annual growth to over 35%, reaching $120 billion by 2030.

So yeah, it seems like AMD is firing on all cylinders right now.

And the market is starting to respect AMD as a legitimate alternative to Nvidia now.

AMD stock is up more than 15% this morning at the time of this recording.

And if you zoom out, the stock has gone up 66% this year heading into the report and more than tripled in the last 12 months.

Now let's talk about Disney.

They reported earnings this morning, and new CEO Josh DeMauro had a solid debut.

Revenues and earnings both topped estimates.

In fact, all three of Disney's business segments, which includes entertainment, experiences, and sports, beat expectations on profitability.

What stood out to me was Disney's streaming business.

Disney Plus and Hulu profits jumped 8%.

88% from last year to $582 million.

And for the first time ever, the streaming business hit a double-digit profit margin.