Advanced Micro Devices stock is among today’s top performers. Why is AMD stock up today?
Microsoft and Lam Research Blow Past Estimates and Reignite the AI TradeThe cloud business drove the outperformance with Azure and other cloud services expanding 43% and total intelligent cloud revenue reaching $39.3 billion, up 32%. Azure crossed $100 billion in annual revenue for the first time in the company’s history and Microsoft 365 Copilot added users at a pace that pushed paid seats past 30 million.Lam Research Delivers Record Margins and Surprising GuidanceThe forward guidance was the part that truly shocked the market, with first-quarter revenue expected between $7.70 billion and $8.50 billion against a consensus of just $7.09 billion and adjusted earnings per share projected at $2.00 to $2.30 versus the $1.83 estimate. Shares gained 20% on the session, their strongest single-day performance in more than two decades.Samsung Adds Fuel With Record Profit and Tight Memory SupplyRevenue reached a record 171.5 trillion KRW though it fell marginally short of the consensus. Samsung’s memory division delivered another record quarter driven by strong demand for server DRAM and HBM products, reinforcing comments from rival SK Hynix that an oversupply situation is not on the near-term horizon despite fears of a future glut as chipmakers race to expand AI memory capacity.AMD’S Trend Is Intact, But The Short-Term Tape Still Has TeethAMD is still in a long‑term uptrend. The stock sits 22.8% above its 100‑day SMA and 57.2% above its 200‑day SMA, supported by a bullish longer‑term crossover with the 50‑day SMA above the 200‑day SMA. The short‑term picture is choppier since AMD is 5.6% below its 20‑day SMA and 4.5% below its 50‑day SMA, which frames this bounce as a recovery attempt inside a shorter pullback. You can explore this setup with moving average signals.RSI offers the cleanest momentum read at 47.12, which signals neutral momentum rather than an overbought blowoff. RSI helps gauge whether a move is stretched, and here it suggests AMD has room to move either direction depending on whether buyers can reclaim key moving averages.
