Rich Smith, The Motley Fool Wed, November 11, 2026 at 12:54 PM EST 3 min read CRWV +26.77% AMD +9.58% NVDA +4.95% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
A strong earnings report from AI cloud provider CoreWeave (NASDAQ:CRWV) Tuesday night is helping lift semiconductor stocks of all shapes and sizes, amid a positive outlook for future sales to AI data centers. That's not the only reason, though, that shares of Advanced Micro Devices (NASDAQ:AMD) are up 7.9% through 12:20 p.m. ET today.
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CoreWeave "beat earnings" in its Q3 report last night, losing less money ($1.27 per share) than feared, and collecting more revenue ($3.66 billion) than hoped. That company further raised its guidance for full-year 2026 revenue to a range of from $13.0 billion to $13.3 billion, with better-than-forecast adjusted operating income guidance -- and promised to spend anywhere from $37 billion to $39 billion on capital investment, which was also more than expected.
This is the part most relevant to AMD stock. The more money CoreWeave spends on "capital investment," the more it will spend on AMD CPU chips for its data centers.
AMD is also benefiting from a UBS report out today, which notes that server CPU shipments jumped 31% year over year in Q3. And AMD is holding steady on its CPU market share -- about 28.4% according to UBS analyst Timothy Arcuri -- versus a 240-basis-point decline in Intel's (NASDAQ:INTC) CPU market share. Furthermore, Arcuri believes that CPU prices are rising (meaning more profit for AMD).
By 2030, the UBS analyst predicts CPU sales could hit $210 billion, and if AMD maintains its market share, that would mean nearly $60 billion in CPU sales alone for AMD. That's 33% more revenue than AMD currently gets from all its product sales.
Although at 110x earnings, AMD stock may not look cheap right now, AMD's future does look bright.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices and Intel. The Motley Fool has a disclosure policy.
Why Advanced Micro Devices Stock Popped Today was originally published by The Motley Fool
