AMD and Arm, two prominent chip designers, have reported significant revenue growth driven by the increasing demand for AI chips. AMD's Q3 revenue forecast surpasses expectations, boosted by cloud operators and the recovering PC market.
Microsoft's investment in AI infrastructure and AMD's strong data center revenue have positively influenced the AI trade. Arm's quarterly revenue surged by 39% and the company expects its sales to align with estimates for the next quarter.
Despite the revenue growth, Arm's shares fell due to concerns about its profit margin compared to Nvidia's. Qualcomm also anticipates strong revenue in the coming quarter, driven by the demand for high-end Android devices and AI upgrades.
Nvidia's stock rose by 12% following AMD's strong results and Morgan Stanley's bullish rating. The chip industry as a whole is experiencing a rally, with optimism among investors.
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