AMD Shares Rise 5.2% Ahead of Q1 Earnings

Advanced Micro Devices shares climbed 5.2 percent during Thursday trading on Nasdaq, reaching a high of 354.96 and closing at 354.49. The surge came on volume of more than 41.7 million shares, up 8 percent from the average session, following a previous close of 337.11.

The gain capped a volatile week for the semiconductor maker, which dropped 3.72 percent on Tuesday after reports surfaced that OpenAI, a key data center client, missed its internal revenue and user growth targets. Despite the pullback, shares have rocketed more than 59 percent in April and remain up about 49 percent year to date.

Investors await AMD's first-quarter earnings report, due after the market close on May 5. Management guided for revenue around 9.8 billion dollars, reflecting 32 percent growth from the year-earlier period, with analysts projecting slightly higher at 9.9 billion dollars and adjusted earnings per share of 1.28 dollars. The company has beaten estimates for eight straight quarters. Chief Executive Lisa Su noted ongoing discussions with customers on multiyear deployments for products including the Helios server chips and MI450 accelerators, set for launch later in 2026.