Earnings
Home›Earnings›Previews›AI stock pullbacks fade as spending trends stay intact…
AI stock pullbacks fade as spending trends stay intact, with AMD eyed
The piece highlights expectations for Advanced Micro Devices Q2 strength and upcoming guidance tied to MI450 and Helios rack sales.
MarketBeat Ratings says concerns about summer conditions and fears about AI spending have pushed several AI-linked stocks into correction or consolidation in late July, but it argues the underlying uptrends in leading names have not ended.
The outlet points to intact AI spending trends as the key reason it expects revenue and earnings gains in the back half, once trading normalizes and markets refocus on fundamentals.
Among the names discussed, it emphasizes Advanced Micro Devices as an AI-critical provider for CPUs and GPUs, with additional exposure to edge, embedded, and personal computing markets. The preview also notes that AMD’s Q2 results are expected to be strong and that guidance is expected to lean on forecasts for MI450 and Helios rack sales, framed as important to a structural shift for hyperscalers.
For Micron, MarketBeat Ratings describes a summer price pullback as a disconnect from what it calls strengthening outlook support, citing completed price-and-volume agreements for Micron’s entire 2026 HBM supply, expectations that DRAM and NAND conditions stay tight beyond 2027, and multiyear customer supply agreements with pricing protections. The outlet also flags that analysts are lifting price targets for AMD following updated total addressable market estimates from CEO Lisa Su.