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AMD was one of the week’s biggest tech market movers, with shares soaring almost 19% to an all-time high after the company delivered stronger-than-expected earnings and forecast another upbeat quarter.
The chipmaker reported $10.3 billion in first-quarter revenue, up 38% year-on-year, while its data center segment jumped 57% to $5.8 billion, driven by demand for EPYC server CPUs and the continued ramp of Instinct GPU shipments.
The main takeaway is that AI infrastructure hype is no longer being viewed as an Nvidia-only affair. AMD is increasingly being treated as a serious second pillar in the AI computation race, especially as cloud providers, enterprise buyers, and AI companies look for more ways to secure high-performance chips.
There are a few reasons investors are excited. AMD said demand is being pushed by inference and agentic AI, two areas that require huge amounts of computation beyond just training giant models.
Reuters also reported that AMD now expects the server CPU market to grow more than 35% annually and reach over $120 billion by 2030, while the company forecast second-quarter server CPU revenue growth of more than 70% year-on-year.
Additionally, AMD has some heavyweight partnerships behind it. The company has said Meta plans to deploy up to 6 gigawatts of AMD Instinct GPUs, with the first 1GW deployment powered by a custom MI450-based GPU, while AMD previously announced a separate 6GW agreement with OpenAI for next-generation AI infrastructure.
Enterprise adoption is another part of the story since Dell and AMD have expanded on-prem AI infrastructure support, with Dell PowerEdge servers set to support AMD Instinct MI350P PCIe GPUs from Summer 2026.
Also in Tech News
EU Lawmakers Reach Provisional Deal on Watered-Down AI Rules
Another big tech story this week came from Europe, where EU countries and lawmakers reached a provisional agreement on revised AI rules.
The changes reportedly ease parts of the AI Act and delay some high-risk AI requirements, including areas tied to biometrics and critical infrastructure, until December 2027. Critics argue this is a concession to Big Tech, while supporters say it reduces red tape and avoids overlap with existing sector rules.
The deal still includes measures targeting unauthorized AI-generated explicit content and mandatory watermarking for AI-generated material, so it’s not a total regulatory retreat.
US and China Reportedly Weigh Formal AI Talks
The US and China are reportedly considering official talks on artificial intelligence, potentially adding AI to the agenda for a Beijing summit next week. The Wall Street Journal frames the discussions as coming amid wider tensions around trade, chips, and technology leadership.
Anthropic Reportedly Commits $200 Billion to Google Cloud and Chips
Anthropic was involved in one of the week’s biggest AI infrastructure stories, with the company having committed to spend $200 billion on Google Cloud over five years. The reported agreement would cover cloud services and chips, showcasing just how enormous the compute race has become for frontier AI firms.
That wasn’t Anthropic’s only infrastructure move either. The company also struck a SpaceX data center deal as it continues pushing forward with AI coding and agentic systems.
Palo Alto Networks Warns of Exploited PAN-OS Zero-Day
On the cybersecurity side, Palo Alto Networks disclosed a critical PAN-OS zero-day vulnerability, tracked as CVE-2026-0300, affecting the User-ID Authentication Portal/Captive Portal service.
Unit 42 said vulnerable systems could allow an unauthenticated attacker to execute arbitrary code with root privileges on PA-Series and VM-Series firewalls by sending specially crafted packets.
Edge devices such as firewalls and VPNs remain prime targets because they sit exposed, are often hard to monitor, and can give attackers a very useful foothold.
