By David Moadel
Publication Date: 2026-04-10 17:49:00
Advanced Micro Devices (AMD) stock surged on strong Q4 data center revenue of $5.38B (+39% YoY) and Meta Platforms’ (META) 6GW GPU deal.
Broadcom (AVGO) shares climbed today, driven by a long-term Google TPU supply deal through 2031 and Q1 AI chip revenue of $8.40B (+106% YoY).
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The AI chip rally is proving something important this Friday afternoon: the opportunity in artificial intelligence silicon is wide enough to reward very different business models simultaneously. Advanced Micro Devices (NASDAQ:AMD) stock is up 4% today, moving from $236.64 to $246, while Broadcom (NASDAQ:AVGO) stock is climbing 5%, rising from $354.91 to $373.
What makes this rally worth paying attention to is that AMD and Broadcom aren’t winning for the same reason. One competes head-on with NVIDIA (NASDAQ:NVDA) stock across the broad GPU and server CPU market. The other builds bespoke chips for…
