By Zacks Equity Research
Publication Date: 2026-05-07 08:32:00
For Immediate Release
Chicago, IL – May 7, 2026 – Today, Zacks Investment Ideas feature highlights AMD AMD, Nvidia NVDA and Broadcom AVGO.
Buy the Spike in AMD Stock After Strong Q1 Results, Bullish Guidance?
Investors applauded AMD’s strong Q1 report yesterday evening, with shares spiking over 20% in Wednesday morning’s trading session to a new all-time high of $430.
Attributed to explosive demand for AI-related data center chips, AMD beat Wall Street’s revenue and adjusted EPS expectations, posted record quarterly free cash flow, and issued Q2 guidance that was impressively above the consensus as well.
Getting in on the rally has become more perplexing as AMD stock has soared more than 300% in the last year, impressively outpacing other chip leaders like Nvidia and Broadcom.
Cash Generation Highlights AMD’s Strong Q1 Results
Seeing high demand for its EPYC CPUs and Instinct accelerators, AMD’s Q1 sales spiked 38% year over year to $10.25…