AMD's OpenAI-Driven Rally Faces an Earnings Test. Can It Break the 'Curse' Again?

Moomoo Insights joined discussion · Nov 4 02:44

AMD's OpenAI-Driven Rally Faces an Earnings Test. Can It Break the 'Curse' Again?

Semiconductor giant $Advanced Micro Devices (AMD.US)$ has seen its stock surge over 50% since announcing its massive 6GW partnership with OpenAI, significantly outpacing the $PHLX Semiconductor Index (.SOX.US)$ .

AMD is set to report its Q3 earnings after the bell on November 4. There are three primary points of focus for this report:

– Data Center CPU: Can AMD's data center revenue, driven by its server CPUs, finally overtake Intel?

– Data Center GPU: Before the OpenAI (MI450) orders begin shipping in H2 2026, can AMD successfully bridge the AI revenue 'gap' with its MI350 series and other contracts?

– PC Business: Despite the PC market's recovery, can AMD gain enough share in the high-volume laptop segment to close its revenue gap with $Intel (INTC.US)$ ?

A review of AMD's stock performance reveals a historical trend: its movement on earnings day often moves opposite to its performance in the five trading days prior. This 'reverse curse' was broken in both Q1 and Q2 2025. Given AMD's significant recent gains, the key question is whether the stock can defy this historical pattern again for Q3.