MI

DubiousChemistry

It was really beaten down, several tech people I knew felt they made good products, and they had a chance to take market share off NVDA with their MI series chips. I've been all in one stock pretty much my whole investing life. Whether that be SPY or TQQQ or AMD. Andrew Carnegie agreed: "Put all your eggs in one basket and then watch that basket."

SpicyElixer

You mean when the US government, CIA, and MI6 couped a democratically elected secular pro labor prime minister - Mohammad Mosaddegh, and planted a puppet who aligned with and empowered the Ayotollah?

OHto30

MI shrekking what else is new

OHto30

MI bottom is in.

shiny0metal0ass

Lmao, yeah, not wrong. And to be fair, I still would take a shitty NY slice on a good MI day. But I had some the other day that opened my eyes.

to_the_star4

> merger <-Transocean RIG approved by Department of Justice and will take place in **February** while back log of massive contracts continue to be won. Two of the biggest oil fleet in the world....Brazilian Competition Authority Approves Transocean-Valaris Business Combination Without Restrictions - SEC Filing (RIG) ......***House Representatives are buying RIG stocks*** again particular Rep. Lisa McClain (R-MI), chair of the House Republican Conference, disclosed that her spouse purchased between $15,001 and $50,000 of Transocean ($RIG) stock

Public_Umpire_1099

You are completely misinformed if you believe this. Misinformed from end to end, in fact. Care to explain why, if GPUs are so easy to make, that there are literally only 3 companies that produce them well enough to be taken seriously, and of those 3, only 2 are used in inference for AI?  I look forward to your new GPU coming out. And yes, the compute is fucking sold out. It's entirely sold out, months in advance. I work for FAANG at a .5 GW data center for AI. We had to wait 9 months to get GB300s and MI350Xs. This is from one of the most profitable companies ever, that is dumping the most money into AI. Not to mention, you clearly have no understanding of how LLMs are made. Do you even know what linear algebra is? 

Mediocre_Divide_1745

VISTRA nU MI Vistra 6 342,18 € Nu 4 723,69 € Xiaomi 3650,49 € Sinotruk Hong Kong 3 377,22 € CorMedix 2 831,98 €

AnonymousLoner1

Do you expect the peasants to have CIA/MI6-level resources in hunting down and locating, defeating bunker defenses, and hanging all of the Epstein class? Or do you expect them to submissively obey the Epstein class's own system of weak, revolving door short-term "leaders", who will always listen to the money talking?  And any candidate that actually does threaten the establishment gets the authoritarian treatment? https://nypost.com/2025/09/02/world-news/six-candidates-from-germanys-rightwing-afd-party-die-days-apart-in-lead-up-to-local-elections-reports/

DubiousChemistry

It was a couple months after the tariff bottom, growth was recovering and AMD had a really good story with the MI series chips being able to take market share off NVDA.

Soh79

The cocaine addicted MI6 agent gives his final answer 😅

DubiousChemistry

Every trade is different. This specific one was a combination of bullish price action, recovery off tariff lows, and a great story around MI-series chips that could take market share off NVDA

DubiousChemistry

I had been eyeing some beaten down tech post-tariff and didn't want to do TQQQ again after I ate a 40% drawdown off ATH. AMD was kind of hanging around, I went all in at 100 pre-earnings, backed out the next day at 96, take another shot at it on a run to 123, stopped out at 121. And then one random day in June it puts in the cleanest green candle off the open I've ever seen out of it and buy the breakout. It never came back to my cost basis. It had a great story with MI series chips that could take market share off NVDA and was more attractively priced for growth.

to_the_star4

guess our house representatives are buying stocks again particular Rep. Lisa McClain (R-MI), chair of the House Republican Conference, disclosed that her spouse purchased between $15,001 and $50,000 of Transocean ($RIG) stock on September 14, 2026. The transaction was disclosed October 12, marking the first congressional trade in the offshore drilling company shown in Quiver's records since 2020. merger <- RIG and VAL approved by Department of Justice and will take place in February while back log of massive contracts continue to be won. Two of the biggest oil fleet in the world . Rating has been raised to strong buy. Brazilian Competition Authority Approves Transocean-Valaris Business Combination Without Restrictions - SEC Filing. Back log on billion dollar contracts continue to grow

VirginiaVN900

A few projects, Strata and Weight-Aware Streaming Tensor Engine have done it, but today it’s slow 0.3 - 9Toks. Point being, parameter count can be overcome, silicon supply will eventually meet demand. You can get 128-256GB VRAM for under $10K with a modest Volta-Ampere homelab in a rack server. Instinct MI210 is an option. Those A100s will be affordable in a few years. Cloud will always be bleeding edge, but the gap is shrinking. For nerds $2,400 a year to Anthropic vs the pure excitement not seen since the microcomputer revolution is too hard to pass up.

to_the_star4

Rep. Lisa McClain (R-MI), chair of the House Republican Conference, disclosed that her spouse purchased between $15,001 and $50,000 of Transocean ($RIG) stock on September 14, 2026. The transaction was disclosed October 12, marking the first congressional trade in the offshore drilling company shown in Quiver's records since 2020.

AllCapNoBrake

I'm ok with an entire village in Africa (or Flint, MI) going w/o water, if this is the output.

Jericho3434

Looks good, my kind of movie. Too bad it bombed in the box office. That will force Tom Cruise to keep playing it safe with more boring MI movies.

Ok_Blacksmith1684

Watching volume continuation for entry for... GRAN SAIQ MI AMOD and ORBS look interesting FINV...mentioned it a couple days ago and its up 7%...looks good.

1977classic

Keeping an eye on MI

1977classic

MI at its lowest

TablePretty1011

MI ride the china

Syllabub_Visual

MI already blue and likely to stay. Texas nobody wants paxton

Nightdocks

Dems flip FL and TX but not MI? Never happening in a million years

1977classic

Come on MI break $2

1977classic

Grabbed the dip on MI

Ok_Blacksmith1684

MI...reversing today with high volume after big drop yesterday due to share offering. High risk high reward play...I am watching volume to make sure it doesn't tail off. 800% borrow rate. APUS....will look for entry if I can get a good one and if volume is there. 892% borrow rate. WETO...looks very promising with high volume. Watch for volume continuation VMAR...good news. Could be a good play ALEC...Shorts have 3-4 days to cover and webinar presentation on Oct 13...great news the other day and cash runway into 2029. I am holding at least though next week.

mayorolivia

What’s pathetic is resorting to ad hominem attacks in a genuine discussion about valuation. I can show you a million posts of mine over the past two years saying AMD would likely double by 2027 due to TAM expansion and MI getting a slice of the pie. What I didn’t foresee was agentic workloads significantly increasing the TAM for CPUs. My main point all along is just buy the entire supply chain: equipment, design, memory, storage, networking. If total spend is going to be multiple trillions per year, everyone will benefit. I personally don’t know who will benefit the most, so my strategy is own them all. I took offense with an entire subreddit going all in on one player and one player only. AMD is a very important company but full porting on any one stock is malpractice.

1977classic

Damn, back to where it started. Shit is getting wicked out here. They put out some press that MI didn’t know why it went up without news.

Dependent_Guard_149

No one is holding MI right?

btran99032

IS MI OVER?????

Count-to-3

AMD is priced to perfection and market expects their revenue and eps to explode once MI450x+ start ramping. Which Lisa keeps moving the goal posts for. If AMD doesn't significantly beat earnings this coming quarter and provide guidance that is WAY above market expectation. AMD is going down, down to China town.

TheKegBaron

Every time I think MI is done, it goes again

Chemical-Freedom6566

MI moving again

btran99032

MI one more pls, I didn’t get any rewards from the others cause u busted after I gave up -.-

Jasmine7707

Really surprised they're not halting MI

Chemical-Freedom6566

MI about to go again maybe

Fayzobihh

Scalped and clawed my way back from that first dip on MI what to lose money on now 🤔

CartoonistDizzy4467

MI ✅

Chemical-Freedom6566

my account is so blown right now... just putting the rest on MI and hope for the best.

btran99032

Looking for dip on BEAT and MI to jump in

Chemical-Freedom6566

MI run not over yet

TablePretty1011

MI !

TablePretty1011

MI halted up, this could get interesting...

Valuable-Flounder692

Not surprised it's SPECTRE The UK will have to start a new James Bond course at MI6 soon!

Surly_Furious

The narrative is all wrong. James Bond is ***not*** a vigilante. His exploits are sanctioned by MI6.

CautiousCollision

MI getting absolutely slaughtered on that offering. 80 million shares at basically half the trading price, no wonder it tanked. VIVK doing another reverse split is just comical at this point. At what point do they just call it quits.

Salt_Contract342

Winter is coming. We wouldn't bother with MI and MN. We will start operation human shield by sending the Albertans to FL, obviously. And then flip our sleeper cells in WA for a pincer attack.

madkimchi

If you ever used an A100 tell us for much you enjoyed it in the year of our lord 2026. I do this for a living, so just to give you an example, work that needs 40–50 A100s spread across 5–7 nodes over InfiniBand fits in one B200 node on fast NVLink. Not only that, everyone’s so obsessed and stupefied by theoretical TFLOPS that they forget these GPUS are often bottlenecked by CPU, network, disk and whatever else. Anything under an MI300x/B200 is a liability, unless you are planning to build a disaggregated inference cluster serving 35B models, just so that you have enough KV Cache to serve a few sessions. Long story short: stop listening to the stupids, out being one.

daft61lunacy

You are so wrong about this deal. I would not describe Meta or OpenAI as “buying chips for free.” AMD is trying to overcome one of the hardest problems in accelerator computing:  ecosystem lock-in . A hyperscaler doesn’t merely substitute MI450 for an Nvidia GPU. It commits engineering resources to ROCm, optimizes models and kernels, validates networking and rack infrastructure, trains engineers, develops deployment tooling, and potentially designs future infrastructure around AMD’s roadmap. Once Meta and OpenAI have deployed multiple gigawatts of AMD hardware, AMD has done something strategically much more valuable than selling one generation of accelerators: it has created two enormous reference customers and weakened Nvidia’s CUDA/platform lock-in. Today’s ~$630 price itself reflects investors   expectations about AMD’s AI business including these hyperscaler wins. If AMD had never landed OpenAI and Meta and consequently remained a $200 stock, the same 320M shares would be worth only about  $64B .

Not_Sure_68

All true and I agree it's stupid. Now to my point, the world has $365 TRILLION in sovereign debt not counting unfunded liabilities...which in the US alone are $88t on the low end. If you think governments around the world are going to allow their people to rightly pin the blame on their own elected officials you simply don't understand history. WWI and WWII don't happen because xyz random event. They happen when goobermints serially botch things and then need a scapegoat so the torches and pitchfork wielding masses don't come for them. The Europeans are excited about the war in Ukraine and the US federal regime and UK(CIA and MI6) have been obsessed with the middle east...really since the 1950s. It's a little remembered fact that US and UK "intelligence" services overthrew the government of Iran in 1953 and they've been grouchy about it ever since. I don't blame them. Nato pushed Russia into a corner by flipping a bunch of former Soviet block nations into their fold. Putin repeatedly warned them that he wouldn't tolerate NATO missiles dozens of miles from Moscow...nobody cared...least of all the EU. Look at a worldwide debt to gdp chart...it's a roadmap to which nations will soon be beating the war drums. Simple as. It's what goobermints always do...unfortunately. When all else fails...they take you to war. \~ Gerald Celente

coltonmusic15

can’t get no respect from the kids these days https://www.reddit.com/r/wallstreetbets/s/tMKrOft8MI

andytobbles

Ah yes only noting one aspect of their revenue while not speaking on Helios server rack solutions and the gpus that are fueling 45% of the revenue. The MI450s are literally sold out for years ahead. The only way you can feel like this is if you have no idea what AMDs revenue streams consist of.

SanDisk_Made_Me_Rich

AMD ROCm software stack vs. Nvidia'w CUDA os becoming less of a barrier in customer discussions. Anthropic successfully tuned its model on AMD's MI355/ROCm architecture without direct assistance from AMD, which means ROCm is mature enough for top-tier frontier labs to operate independently and not be married to Nvdia CUDA

Travis---Beckmen

Im reporting you for MI Mod Impersonation 

Cousin_Elroy

Secret agent for MI6

azure275

For it to happen it's not that the Dems need 66. The Dems need to win enough that the GOP sees Trump is an anchor and jettisons him to save their skins I think if the Dems won 60 seats (which is extraordinarily unlikely) you would see 6 of the GOP members abandon him to save their skins To accomplish this Dems would need * Every single toss up or slight lean race gets them to 53 - including TX, IA, ME, MI, OH and AK * Both "there's a chance but it's not a *good* chance" seats in Kansas and Nebraska * 5 seats in "safe red" areas - the least impossible (but still very unlikely) candidates probably are SC, KY, WV, MT, and one shocker

Austin_Destroyer

Pseudonym for an MI6 agent. Next question.

SurpiseCurrencyDebas

[**Anthropic**](https://www.linkedin.com/company/anthropicresearch/) has signed $517bn of compute contracts in the last 11 months. That is roughly 2.9x what the company told its own investors nine months earlier. [**The Information**](https://www.linkedin.com/company/theinformation/) tallied it up this week: 14.8GW of contracted capacity since October 2025, across more than 16 counterparties. For scale, that's grid-level load. The kind that reshapes utility resource plans. I went through the reporting on every deal. Four things stood out. Anthropic isn't really buying compute. It's renting credit. No credit rating means it can't sign this debt itself. So almost every large deal is made bankable by someone else's balance sheet: [**Broadcom**](https://www.linkedin.com/company/broadcom/) giving \~$30bn of residual-value support to an SPV built by [**Morgan Stanley**](https://www.linkedin.com/company/morgan-stanley/) and funded by [**Apollo Global Management, Inc.**](https://www.linkedin.com/company/apollo-global-management-inc/) and [**Blackstone**](https://www.linkedin.com/company/blackstoneinc/) [**NVIDIA**](https://www.linkedin.com/company/nvidia/) holding the [**Hut 8**](https://www.linkedin.com/company/hut8corp/) lease outright so [**Lambda**](https://www.linkedin.com/company/lambda-cloud/) can supply Anthropic A $1.3bn [**J.P. Morgan**](https://www.linkedin.com/company/jpmorgan/) standby letter of credit on the Norway site [**Google**](https://www.linkedin.com/company/google/) guaranteeing \~2.4GW built by former bitcoin miners The credit risk of the AI build-out sits with private credit, banks and chip vendors. Not the AI lab. The bitcoin miners have become the landlords. [**Riot**](https://www.linkedin.com/company/tryriot/), [**TeraWulf**](https://www.linkedin.com/company/terawulf/), [**Bitdeer AI**](https://www.linkedin.com/company/bitdeer-ai/), Hut 8, [**Cipher Digital**](https://www.linkedin.com/company/cipherdigitalinc/). They own the genuinely scarce asset: grid-connected power, land, cooling and queue position. All have swapped volatile block rewards for bond-like contracted cash flow. Riot's Rockdale lease runs to 2048! Almost everyone is on both sides of the trade. [**Amazon**](https://www.linkedin.com/company/amazon/) ($13bn invested), [**Google**](https://www.linkedin.com/company/google/) (\~14% stake plus a planned \~$40bn), [**NVIDIA**](https://www.linkedin.com/company/nvidia/), [**Microsoft**](https://www.linkedin.com/company/microsoft/) and [**AMD**](https://www.linkedin.com/company/amd/) (up to $5-10bn each) are simultaneously investors in Anthropic and suppliers to it. Cash goes out as investment and comes back as revenue. The [**SpaceX**](https://www.linkedin.com/company/spacex/) deal runs at $1.25bn a month to May 2029. Either side can walk after three months on 90 days' notice. THE DEALS AT A GLANCE Google / Broadcom — \~$200bn — 3.5GW+ TPUs from 2027 Amazon AWS — $100bn+ — up to 5GW Trainium, 10 years Fluidstack — $50bn — custom builds, Texas and New York Nscale — \~$45bn — 460MW, West Virginia, 6 years SpaceX / xAI — \~$45bn — 300MW, all of Colossus 1 Lambda — \~$35bn — 350MW, Texas, Nvidia holds the lease Microsoft Azure — $30bn — up to 1GW TeraWulf — \~$19bn — 401MW, Kentucky, 20 years Volta / Bitdeer — \~$10bn — 121MW, Norway, hydro Riot Platforms — $9.1bn — 191MW, Texas, to 2048 Akamai — $1.8bn — 7 years, its largest deal ever AMD — undisclosed — up to 2GW of Instinct MI450 CoreWeave — undisclosed — analysts say $4-7bn Theseus (Macquarie + GIC) — undisclosed — anchor-tenant vehicle Plus 12+ non-binding letters of intent covering over 1GW. Importantly, most of this doesn't land until late 2027 and 2028, with a hell of a lot of moving pieces needing to get things on-line. Set against a $65bn revenue run rate and a reported $2tn IPO ambition, the upcoming prospectus will be a very interesting read.

RJsRX7

Not having comprehensive and collision cover (which aren't the same thing btw) on a vehicle of any non-zero value is dumb. You are no longer *required* to carry it on a paid-off vehicle, but if that paid off vehicle is worth more than about $1200 it puts you in a really bad position when something or someone hits it through no fault of yours. Might not totally be the case in other states, but here in MI if *you* don't have collision coverage, you don't get the other party to cover collision damage beyond the mini tort.

prestodigitarium

Look at the bottlenecks to scaling intelligence to insane levels from here, that should show you a pretty good roadmap. Energy, memory, storage, high speed networking. Besides memory, in the US, energy is the biggest bottleneck I see. SpaceX's space datacenter thing is largely a response to that, making solar into reliable baseload for this in a way that's largely immune to the datacenter political blowback. I think the Taalas approach is pretty interesting (basically hardwiring the weights of a specific model into an asic, so that it runs at wire speed, doesn't need memory to page the weights into a GPU, and it's many more tokens/joule). But if you have a model that's recursively self-improving, then taping out new asics for every iteration becomes a bit of a chore. But AMD recently bought them. I'm expecting really interesting things from them. I have money on nvidia (since 2016), TSMC and ASML (2021), Cerebras (2021), and SpaceX (since 2019). I think open weight models (thanks Chinese labs!) are likely to suck a lot of the profit out of the model layer, but I feel pretty confident that the companies at the core of the hardware supply chain will do super well as running models gets cheaper and usage explodes. I might still drop money on the Anthropic IPO, their revenue growth chart is absolutely nuts, and maybe they'll find a way to keep people paying them even as open models get good enough. Also, AMD chips like MI350x are becoming a credible competitor, but they seem to be very supply constrained, and when I was shopping for a lot of inference capacity a couple years ago, the people I talked with who were trying to run AMD's DC inference servers didn't have nice things to say about their maturity. But it's been a couple years, maybe this is finally the year!

seifer__420

Flint, MI

kawhiskers

The main contributor to inflation is increasing oil prices due to the significant reduction of oil tanker shipping traffic through the Strait of Hormuz. You solve that situation and CPI/PPI will begin to downtrend, thus taking the impetus for the Fed to hike rates + also providing a tailwind for equity markets. Yes - Iran/US relations have been f’ed for decades/since 1953 when the CIA and MI6 orchestrated the coup that overthrew the democratically elected government of Mosaddegh, who had nationalized Iran’s oil industry. Despite this, and the volatile years since, oil prices had been stable during Trump’s 2nd term, until he boneheadedly decided to attack Iran in Feb.

Upstairs_Whole_580

LOL... no, it's actually not boiling(maybe my default is just aggressive and verbose). My opinion on AMD? I got lucky as fuck with AMD. I owned BRK.b in April when Trump did the Tariffs and I got AMD at \~80 a share. The day it hit an intraday low of 76 or so. I've owned NVDA since '19 and '23, so I wasn't going to buy more. Plus, given it's size, I thought it could 3X. It did much more than that. I sold it at 565 and 520 earlier this year to get ready for SKHY. I just thought in the 500s, especially when it got up to 585, it was too expensive and it's ran too fast too quickly(though NVDA kept going at the same place AMD is at so I could be wrong, especially with MI450 coming out and the Helios stack). I think the more you listen to and hear the CapEx and the ROI we are seeing... they don't need to gain any market share and they're going to keep growing. My biggest concern was the way they set up some of those deals with OpenAI and I think it was META, but I am also concerned about the private equity. I still think the bull case wins out, but I just cannot stand the stupid 'I'm right no matter what happens,' type logic and these people who are putting like 25K on the line and talking shit about being up when they honestly don't even understand why. I don't know if the guy before was being serious, but there are so many people just mindlessly repeating shit like "circular financing," and things Burry has said that... they've lost the ability to use their own critical thinking.

0o0o0o0o0o0z

> As a non American what scares me is the indifference shown by the average American...they care about the stock market but not at the very least the wellbeing of people in any other countries. Ugly. About 30% of voting Americans are uneducated, bigoted, racist, or want some type of Christian version of Sharia law. Americans are not a serious people. And since the Electoral College has done exactly the opposite of what it was designed to do... a random voter from WI, MI, OH, or PN can't utterly fuck up the world by who they elect... I'd avoid the US like the plague.

papel_paperless

There goes MI, WI, MN, MN, ND, MT, VT, WY. Love the pro-business stance /s

unclefire

Pants will be shat if they do something so drastic as to cut electricity to the US. NY, New England, MI, PacNW.

moonjs

Are you a bot? The conversation started with \>Trump and co are planning a ground invasion of Iran, and that was what he was none-too-coherently referring to. Look at the Iranian government's announcement today about the huge LNG field that was supposedly found in Iran. Maybe it actually was, maybe it wasn't, but I (and many others) think the announcement was made right now to further goad the US into a specific type of invasion. Detailed plans for this invasion were actually already made in March. It would be sold as "limited" with "narrowly defined aims." If you remember what happened in 2003, you know how this movie goes. Then it was about how >The US can't afford a ground invasion of Iran.< to get it like we did in Venezuela. Then you say that >Yep. That's why tactical nukes are being bandied around. Glass the land, MI mops up. Then the next logical question asked was >And how does the USA get the LNG out of an irradiated wasteland?< and you respond with bewilderment asking what does LNG have to do with anything just discussed?

AdulentTacoFan

Yep. That's why tactical nukes are being bandied around. Glass the land, MI mops up.

TurdFergusonsBrother

Are you from Gaylord, MI?

Equivalent-Repair488

I have been following the 48gb 4090s loosely over the past year on Taobao and Alibaba. They have not shifted in price noticeably during that time. Well, compared to the rising prices for 3090s it might as well be falling. But it is being dumped by chinese datacenters, which in the first place, I don't think there is ever any sign they were using these specific custom (hand made) cards. And they did not go through the cycle of actually being dumped like the MI50 when AMD dropped software support, where it crashed to a fraction of what it was worth before, reaching a low of about a hundred odd dollars, but eventually stabilising to a few times of that, when consumers scooped up the supply. Seems to me they (the chinese technicians) are just producing them steadily, and the stable pricing is just normal market demand supply factors.

Careless-Place-170

As part of this deal OpenAI agreed to buy 6 gigawatts of AMD chips, this gives more than $100 billion of income in approximately 4 years. Also OpenAI must install 1 gigawatt of MI450 chips. This starts in the second half of 2026. The warrants can't be exercised if OpenAI doesn't actually do these things. Also part of the warrants can only be exercised if AMD share price goes over 600$

SanDisk_Made_Me_Rich

AMD carries 432 GB per accelerator against Nvidia's 288GB. So every AMD MI455X sold is 50% more HBM content than every Nvidia Rubin R100 sold. If AMD takes GPU share, HBM4 demand grows faster than unit share. In plain English, AMD is a higher memory intensity customer than Nvidia per unit of compute delivered, which is even better for Micron, SK Hynix, and Samsung.

SanDisk_Made_Me_Rich

AMD had a good quarter and guided the next one above expectations. AI GPUs was below expectations which is why the stock tanked, but that's irrelevant because Helios doesn't start shipping in volume until Q4. Helios is the full rack system built on the MI400 GPU And guess what? As the Helios ramps up that's going to be another massive customer for memory & storage.

TheAILegend

1. No one is inferencing in BF16.. Not even anthropic lol. 2. Anthropic isn't 70% TPUs... They use Amazon Bedrock, AWS, and now Grok... all whom use GPUS... Specifically NVIDIA. AMD can't win this market because AI inference is optimized for CUDA. The libraries today can't inference anywhere near CUDA speeds. That MI355X is dog water for mass inference... hence why no one is using that garbage. Want to know who is using MI355X? Oracle... look at how that's working for them.. a CDS of 200 lol. 3. You're looking at old numbers... They had higher revenue pre-GPT 5.6 sol. The following headlines after that were... * Microsoft starts canceling Claude Code licenses - May 14, 2026 * Enterprise AI customers are pulling back from OpenAI and Anthropic as costs spiral out of control - July 2026 * Anthropic official says stopping AI usage is “the wrong” response to AI cost concerns - July 2026 * State Department switches to OpenAI as US agencies start phasing out Anthropic - March 2, 2026 4. * **Q1 FY2027** — **$81.6B** — quarter ended April 26, 2026  * **Q4 FY2026** — **$68.1B** — quarter ended January 25, 2026  * **Q3 FY2026** — **$57.0B** — quarter ended October 26, 2025  * **Q2 FY2026** — **$46.7B** — quarter ended July 27, 2025  * **Q1 FY2026** — **$44.1B** — quarter ended April 27, 2025  |Quarter|Net Income|YoY Growth|QoQ Growth| |:-|:-|:-|:-| |**Q1 FY2027**|**$58.3B**|**+211%**|**+36%**| |**Q4 FY2026**|**$43.0B**|**+94%**|**+35%**| |**Q3 FY2026**|**$31.9B**|**+65%**|**+21%**| |**Q2 FY2026**|**$26.4B**|**+59%**|**+41%**| |**Q1 FY2026**|**$18.8B**|**+26%**|**-15%**| Does this look like NVIDIA is losing money to you? In fact... quite the opposite. Nvidia is the leader In the AI space. Anthropic and OpenAI are tiny in the market... The real winner is local AI. If you check Huggingface... you'll see, the models are designed for inference using VLLM and SGLANG... optimized for CUDA. So when you look at a list of providers on Openrouter... 99% of them are using vLLM / SGLang for inference on Nvidia GPUS... and if you haven't noticed... the token traffic dwarfs OpenAI and Claude... :) you see my username? TheAILegend... you can imagine ;) I'm highly informed in AI inference... hence why I run an AI server with an RTX Pro 6000 and an RTX 5090. AMD can't compete. You really based your entire thesis from Anthropic... lol rookie mistake.

EpicOfBrave

Anthropic is the highest revenue AI lab. They are 70% using Google TPU and Amazon Trainium. OpenAI is using only NVIDIA and lost the AI race, had to stop SORA, and gave up the AGI project. B300 is terrible hardware. For fp16 is slower than MI355X and costs 40% more.

derprondo

Michigan sells 200mg packages of edibles, and sometimes that's just two 100mg gummies in the package (albeit with perforations). Imagine you're someone who has never consumed cannabis, your back hurts, your friend suggests you try cannabis edibles, so you go to the store and just pick out something random, you go home and eat an entire 100mg gummy. The states that limit packages to 100mg with 10mg max per edible probably have the right idea, but their prices are always way higher than Michigan (IL vs MI for example)

CallMePyro

Yup. Prices will stay low until next earnings. Prices will continue to fall because this is a cycle ending in 2027. There is no demand for Vera Rubin or Rubin Ultra. Google will shutter their TPU v8 program and Trainium V4 + Meta's custom silicon and OpenAIs custom silicon are all dead projects which will ship under volume. MI450 can't keep up with NVidia either. Once the AI bubble bursts all these companies will all go to zero.

ShittyUsernane1222

I hope that count binface wins in clacton, so that the vermin supreme administration can be installed into power in the US via prime ministerial (count binface cabinet) and MI6 intervention

RocketMoped

Depends on the model, though. GLM5.2 can run competitively on MI355X Gpus, for example.

Weak_Alternative_168

Good catch on both. The Data Center segment actually posted an operating loss of $155M in that year ago quarter, which is where the MI308 charge landed, so the comp is even softer than it looks. The Client and Gaming line is the part I keep coming back to though. Op income down while revenue was up 6 percent, and at the same time Hu said on the call that data center AI runs below the corporate average. So the mix is getting squeezed from two directions at once, which is probably the honest read on why Q3 margin guides flat at 56 while revenue guides up 13.

Competitive-Ant2876

No. New states coming online as time and time again shown to not matter. Margins are high rev in the states is up the first year. Supply then catches demand margins fall and so does top line. Every single state even the big ones like IL and MI are down. FL is the outlier there. Additional licenses create more supply which will drag prices down, add in 280e removal, smaller operators pop up and drag prices down. Europe doesn’t matter as much. It’s more branding then anything your prolly thinking of curaleaf- they are pass through aka middle man until other LPs get approved then curaleaf will see that segment decline. Hemp doesn’t matter as much since most of those consumers won’t go into a dispo, but the beverages could be huge if tbeg stay in the sale through channels now. Consolidation does nothing. It combines top line but it doesn’t grow top line. If company A and B combine the rev increases but after a year you’d still see no growth or flat growth. The only thing that can make growth occur is interstate commerce and moving away from vertical integration but since that will hurt the states, it’ll never happen.

JohnnyDrama611

Adding to this: Client and Gaming op income fell to $582M from $767M even as revenue rose 6%. Also last year's quarter had an $800M MI308 export charge baked in, so the YoY margin comp is an easy one. Sequential (+80bps) is the cleaner read.

OutOfBananaException

> Their forward guidance implies slowing of growth rate and they're raising their own capex Q3 is not material to their 2027 growth rate, as MI450 only begins at the tail end of the quarter. DC revenue is growing 100%+ next year, confirmed on the call. AMD does not give specific numbers like this unless they are sure they will be hit.

dr3w80

From the call "In data center AI, the growing number and scale of Helios and MI450 series Instinct deployments position the business for significant growth in the second half of the year, with growth accelerating in 2027. In server CPUs with very strong customer demand and improved supply we now expect server revenue to grow more than 80% year-over-year in the second half of 2026 and more than 70% for the full year 2027 off a much higher base taken together we now expect data center segment revenue to more than double year over year in 2027."  Tell me where slowing rate of growth is? Plus cap ex is how a semi company pays for all those chips. 

mr_malifica

AMD went down after a huge pre-earnings run up. They are getting hammered for not increasing margins. 56% last quarter and 56% this quarter. Let's wait and see what Lisa says about MI450 deployments...

PandAlex

100%. Insanely growing CPU TAM along with Helios and MI455X ramp. It's free money now. This is like GOOG at $320 from a few weeks ago.

gamersEmpire

AMD announces MI450, pops 20%. NVDA goes bankrupt overnight

CEOofBeanz

Lisa on tomorrows earnings call: We’ve use MI400 chips to located and fucking vaporize Mojtaba Audience claps +25% stock after hours

Tableau67x9u

Maybe but the electorate the NY City mayor works for and the swing voters in PA MI WI AZ and NV are very different And misogyny runs deep in the bones of this country I would love to be proven wrong but in my view an AOC candidacy ends up with another loss in both the EC vote and maybe the popular vote

NobodySpecific2

It’s also a nightmare in terms of diversification. Imagine if you’d be trying to flip houses in Flint, MI some years back. REITs and similar instruments might be great but unless you’re and institutional player with 100s or better 1000s of properties in a portfolio single family homes are not going to beat the market after selling costs, taxes, rents that go to collections… it really doesn’t work for mom and pop very often

pingoo26

She moves like she don't care Smooth as silk, cool as air Ooh, it makes you wanna cry She doesn't know your name And your heart beats like a subway train Ooh, it makes you wanna die **KOREEEAAA YOU'VE GOTTA SEE HER , GO IN-SANE AND OUT OF YER MI-ND**

CatalyticDragon

AMD has been taking market share from Nvidia since the MI300. And having aquired almost every major customer and overtaking the competition on specs it's probably fair to say they are head to head.

KC_LEAKS

To be fair though, I'm pretty sure NCD is just where all the weird MI and OGA folks vent out all their 'tism

Barlored

AMD and Intel have heavy consumer exposure. Soaring memory prices are going to make a significant mark on the future earnings for these companies. "They dont care, aiaiaiaiai" Sure, except if AI doesn't pan out they can't soak up that demand elsewhere, which this only applies to optics. The reality is that demand doesn't flow from one into the other. The consumer, who isn't building a new PC because they honestly don't need to (games industry died), isn't buying MI300x or whatever.

cbusoh66

No they don't because they haven't announced completion of ATM's. I would be careful this quarter because EPS estimates have not been updated but the company may have sold like 40 million additional shares, could be as high as 120 million new shares, so they may beat on revenue and miss on earnings and algos will immediately sell it. It will take time for analysts' estimates to adjust. SMCI is trying to win new orders by undercutting everyone, their margins will always be razor-thin compared to Dell, Dell and HPE offer bundled services, and then if there's a hint of slowdown in CapEx by the Mag7, then it's Armageddon for the whole sector. There's always that next shoe to drop because once you get wrapped up in Federal investigations, other shit pops up. On paper, it may worth a small lotto pick, those puts seem safe enough, probably not going to get assigned unless it does crater post earnings but there will be a floor as AMD starts shipping their MI450s this quarter or next.

Dude_HaHa

I mean FL is a shitbox, except for the proximity to ocean and the nature. But i wouldn't put OH/MI above it.

k3t4mine

>NVDA competes with both AVGO & now especially AMD. Yes that's what I said. They have competition, and the threat to their margins is **competitive** and not cyclical, unlike memory. Both are threatened by demand from the hyperscalers >if HBM is a commodity so are AI accelerators. Are you talking about NPU's? If so then no, not at all. Whether something is a commodity comes down to whether there's a cross-vendor standard that makes competing products interchangeable. Accelerators have none, where as HBM has one (JEDEC). Blackwell, MI, TPU, Tranium etc.. are all very different chips, with completely different architectures, bills of materials, performance, etc... you can't swap one for the other and expect the same functionality. But with HBM, It's a JEDEC part (HBM3E, HBM4) so the pinout, geometry, and electrical interface all specified and exactly the same across manufacturers. The standardisation lets the accelerator designers qualify multiple sources and treat SK Hynix, Samsung, or Micron as interchangeable. This is the key part, they are all the same, so the consumers are indifferent between manufacturers. No company is able to command a premium. >Not all HBM is the same especially with differences in manufacturing & the base logic dies. Whether that makes them a commodity or not still depends on interchangeability. SK, Micron, and Samsung don't design those dies, they just fab them through TSMC. If I am designing the base logic dies, and the end product is going to be identical between manufacturers because they all fab them at the same place, then were's the pricing power? >Also the argument is the same. If AI capex drops, they stop buying as many AI accelerators from NVDA Both are obviously exposed to end consumer demand, that goes without saying. I am saying that with memory, the commoditzed nature of the product means that margins will compress regardless of demand. A collapse in AI capex would obviously crush them quicker and faster, and bring NVDA down as well. My point is that in memory, margins will compress on their own, but not with NVDA, at least not the same degree. You'd need competition in some way, or demand to fall relative to supply but since only NVDA makes the specific, differentiated NVDA accelerators, they can control supply without losing market share.

thethor1231

SOXL.MI is 4x

BackpackingSurfer

The entire structure of the AMD/Meta deal is not to scale meta’s compute power, meta gets 160 million shares of AMD to buy the MI450’s, it’s a pay me to buy deal where meta gets to diversify their portfolio with subsidized compute while AMD gets backed by a hyper scaler. That’s only bullish for Meta. Meta gets low cost compute supply, with Meta compute PR’s a few days ago, it’s literally a play to drive down costs of spot compute, this hurts neocloud margins.