Chipmakers Surge Amid AI Demand | Business and Finance News

Processor and graphics chip makers delivered a blockbuster Q1, smashing revenue estimates by nearly 5% and painting a bullish picture for Q2 with forecasts up 4% above expectations—driving the sector’s stocks up an average of 11%. AMD led the charge with $10.25B in revenue, up 37.8% YoY and beating estimates by 3.6%, fueled by surging AI demand. Lattice Semiconductor also soared, reporting $170.9M in revenue, up 42.2% YoY and exceeding forecasts by 3.6%, though its stock rose only 5.6%. Qualcomm underperformed with a 2.2% YoY revenue dip and missed Q2 guidance, yet its shares still jumped 14%. Nvidia, meanwhile, posted the sector’s fastest growth at 85.2% YoY ($81.62B), beating estimates by 3.5%, but saw a slight 5.5% stock dip despite the stellar numbers. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/996178c4bfd7a4d1