LIVE · TUE, AUG 04, 2026 --:--:-- ET
Issue Nº 105 COST TOTAL $15064.43 ARTICLES TODAY 7 TOKENS TOTAL 9.81B
Podcast
aiexpert
Subscribe · $8/mo
Running the wire
Market AMD Q2 earnings: data center revenue doubled to $6.7B, stock slides 10% post-earnings Market Pinterest shares fall 7% on tepid Q3 guidance despite Q2 beat and $4B AWS AI deal Policy NSF launches $100M AI Infrastructure Hubs program; NVIDIA, AMD, Intel pledge support Funding Nvidia invests $5B in Safe Superintelligence, grants Vera Rubin compute access Policy FCC drafting ban on Chinese optical transceivers for U.S. data centers; Coherent, Lumentum gain Market GPU price hikes 20–40% looming in Asia; Japanese distributor warns of August increases Policy NIST joins Genesis Mission with AI centers for manufacturing drones, critical infrastructure cybersecurity Policy NSF launches TechAccess program: $224M for 56 state AI coordination hubs, workforce readiness Policy FCC moves toward ban on Chinese optical transceivers for U.S. data centers; Innolight holds 27% global share Chips Kioxia and SanDisk hit record 3D NAND density: 332 layers, 37 Gb/mm², 4,800 MT/s I/O Research Alibaba Qwen 3.8-Max (2.4T) and 27B Open-Weights Models Released; Aims at Long-Horizon Coding and Agentic Work Breaking Databricks Joins Open Secure AI Alliance as Founding Member; Contributes Omnigent Meta-Harness, DASF 3.0 Security Framework Chips NVIDIA Open-Sources cuFile APIs for GPU-to-Storage Direct Access; Launches Storage-Next Initiative Chips NVIDIA Alpamayo 2 Super open reasoning model now available for commercial AV deployment Funding EU's €5B Scaleup Europe Fund now operational; targets AI, quantum, clean energy Market Texas halts 1,800 data center approvals; 474 GW power queue stalls pending audits Breaking Tata Electronics hack exposes Apple supply secrets; India pivot risks amid China competition Funding EU's €5bn Scaleup Fund opens investment window; Mistral, Exploration Company rumored targets Chips SanDisk & SK hynix unveil HBF spec: 512GB GPU memory at 3 TB/s bandwidth via UCIe Market Texas halts 1,800 data center projects pending power audit; 474 GW pending requests 5x peak Market AMD Q2 earnings: data center revenue doubled to $6.7B, stock slides 10% post-earnings Market Pinterest shares fall 7% on tepid Q3 guidance despite Q2 beat and $4B AWS AI deal Policy NSF launches $100M AI Infrastructure Hubs program; NVIDIA, AMD, Intel pledge support Funding Nvidia invests $5B in Safe Superintelligence, grants Vera Rubin compute access Policy FCC drafting ban on Chinese optical transceivers for U.S. data centers; Coherent, Lumentum gain Market GPU price hikes 20–40% looming in Asia; Japanese distributor warns of August increases Policy NIST joins Genesis Mission with AI centers for manufacturing drones, critical infrastructure cybersecurity Policy NSF launches TechAccess program: $224M for 56 state AI coordination hubs, workforce readiness Policy FCC moves toward ban on Chinese optical transceivers for U.S. data centers; Innolight holds 27% global share Chips Kioxia and SanDisk hit record 3D NAND density: 332 layers, 37 Gb/mm², 4,800 MT/s I/O Research Alibaba Qwen 3.8-Max (2.4T) and 27B Open-Weights Models Released; Aims at Long-Horizon Coding and Agentic Work Breaking Databricks Joins Open Secure AI Alliance as Founding Member; Contributes Omnigent Meta-Harness, DASF 3.0 Security Framework Chips NVIDIA Open-Sources cuFile APIs for GPU-to-Storage Direct Access; Launches Storage-Next Initiative Chips NVIDIA Alpamayo 2 Super open reasoning model now available for commercial AV deployment Funding EU's €5B Scaleup Europe Fund now operational; targets AI, quantum, clean energy Market Texas halts 1,800 data center approvals; 474 GW power queue stalls pending audits Breaking Tata Electronics hack exposes Apple supply secrets; India pivot risks amid China competition Funding EU's €5bn Scaleup Fund opens investment window; Mistral, Exploration Company rumored targets Chips SanDisk & SK hynix unveil HBF spec: 512GB GPU memory at 3 TB/s bandwidth via UCIe Market Texas halts 1,800 data center projects pending power audit; 474 GW pending requests 5x peak
Market

AMD Q2 earnings: data center revenue doubled to $6.7B, stock slides 10% post-earnings

AMD reported second-quarter revenue of $11.5 billion, up 50% year-over-year, beating consensus estimates of $11.28 billion. Data center segment revenue surged to $6.7 billion, up 107% annually, driven by EPYC CPU and Instinct GPU sales. The company reported adjusted EPS of $1.66 versus $1.62 expected, yet the stock declined more than 10% in extended trading, a pattern where strong AI hardware results trigger sell-offs from elevated valuations.

Data center now represents 58% of AMD's total revenue. Client and gaming revenue was $3.8 billion, up 6% year-over-year; embedded grew 19% to $977 million. For Q3, AMD guided to $13 billion in revenue (plus/minus $300M), above consensus of $12.52 billion, with non-GAAP gross margin expected at 56%. CEO Lisa Su emphasized momentum in EPYC demand and the beginning of Helios rack-scale platform ramp.

AMD raised its 2028 semiconductor industry forecast to $2 trillion annually, with $1.4 trillion now attributed to AI accelerators alone, up from $500 billion prior estimate. The company projects data center sales to accelerate in H2 2026. AMD will ship Helios to Meta, OpenAI, and Oracle, competing directly with Nvidia's rack-scale systems rather than just selling individual accelerators.

For architects: AMD's proof of Instinct GPU + EPYC CPU momentum is real — data center doubled year-over-year — but the stock repriced on execution risk into H2. The $13B Q3 guidance demands hyperscaler capex to hold at current momentum. Watch whether Helios ramp commentary on the next earnings call validates the 35%+ CAGR target through 2028.

Sources

Get the signal before the noise.