OMDA

On Tuesday, Advanced Micro Devices, Inc. (NASDAQ:AMD) signaled an acceleration in its artificial intelligence ambitions, while Super Micro Computer Inc. (NASDAQ:SMCI) delivered explosive revenue growth, offering fresh evidence of the AI infrastructure boom.

AMD closed at $483.90 on Tuesday, up 3.65%. It then surged 5.02% to $508.20 in after-hours trading. SMCI closed at $31.39 on Tuesday, up 3.12%. It then surged 7.20% to $33.65 in after-hours trading, according to Benzinga Pro.

AMD Sees 80% Revenue Growth in 2027

AMD CEO Lisa Su told analysts during the company’s third-quarter earnings call that revenue could grow more than 80% in 2027, more than doubling its previous long-term growth target of 35% or higher.

Analyst Patrick Moorhead highlighted the forecast on X, estimating that it could translate into more than $94 billion in revenue, compared with Wall Street’s $89.9 billion estimate.

Moorhead also noted that data centers could contribute more than 80% of AMD’s total revenue in 2027, with server revenue expected to double. He said the company expects AI chip sales to surpass server CPU revenue by a wide margin this quarter.

AMD’s server business more than doubled in the third quarter across cloud and enterprise customers, reflecting market share gains.

The company also has more than 240 OEM and ODM platforms committed to its upcoming Venice processors, with cloud availability expected in early 2027.

$AMD off the call and not in the release: AMD sees 2027 revenue up more than 80%, over twice its 35%+ long-term model. $94B+ by my math vs $89.9B street.

Top 10 things the call added:

1. Data center tops 80% of 2027 revenue. Server revenue doubles, up from 70%+ in August, and… https://t.co/otHIweRmhz

— Patrick Moorhead (@PatrickMoorhead) November 4, 2026

Futurum Group CEO Daniel Newman said AMD has a history of underpromising and overdelivering on its forecasts. “We see more of the same here,” he wrote on X.

$AMD has a history of under promise and overdeliver with its guides. We see more of the same here. 👀

— Daniel Newman (@danielnewmanUV) November 3, 2026

Futurum Equities chief market strategist Shay Boloor highlighted the scale of AMD’s data center expansion, noting that the company generated $8.5 billion in data center revenue in a single quarter, compared with $6.5 billion in all of 2023.

It took $AMD all of 2023 to generate $6.5B in data center revenue and it just did $8.5B in a single quarter 🤯 https://t.co/okiPXrRWs0 pic.twitter.com/mHhOd8qThL

— Shay Boloor (@StockSavvyShay) November 3, 2026

CNBC’s Jim Cramer took to X and said, "AMD so far so good…moving up tech nicely."

AMD so far so good…moving up tech nicely

— Jim Cramer (@jimcramer) November 3, 2026

AMD posted third-quarter revenue of $13.38 billion, surpassing Wall Street’s expectations of $13.09 billion. Adjusted earnings came in at $2.09 per share, ahead of the consensus estimate of $1.95.

For the fourth quarter, the company projects revenue of approximately $17 billion, with a 3% margin of error, topping analyst expectations of $16.23 billion. AMD also anticipates an adjusted gross margin of around 55%, compared with 56% in the third quarter.

Super Micro’s AI Server Business Delivers Massive Quarter

Meanwhile, Super Micro reported fiscal first-quarter 2027 revenue of $19.9 billion, nearly four times the approximately $5 billion it generated a year earlier, according to investor commentary.

The company also reported earnings of $1.81 per share, beating the $1.23 analyst estimate and raising its full-year revenue outlook to 72 billion-82 billion.

Boloor noted that Super Micro’s quarterly revenue has increased nearly tenfold over three years.

$SMCI quarterly revenue has nearly 10x over past 3 years 😳 https://t.co/bBsdaYXbx1 pic.twitter.com/ROrxTzdIUD

— Shay Boloor (@StockSavvyShay) November 3, 2026

World Trade Securities CIO Nicholas Mugalli called the results “one of the best prints of the season,” arguing that the company’s strong performance could shift investor attention away from governance concerns and thin margins.

Mugalli maintained an Overweight rating and a $45 price target, describing the stock as “still cheap.”

OMG!! $SMCI just crushed their earnings!!

They just did $19.9bn in a quarter. A year ago it was doing about $5bn. EPS of $1.81 vs $1.23 expected, and they raised the full year to $72–82bn.

Everyone wanted to talk about governance and thin margins. And on top of that margins… https://t.co/yhNn59ejzZ pic.twitter.com/aag29w3AWp

— Nicholas Mugalli (@RealNickMugalli) November 3, 2026

The company forecasts second-quarter adjusted earnings of $1.66 to $1.90 per share, well above analysts’ expectations of $1.14.

Revenue is projected to range between $19.5 billion and $21.5 billion, compared with the consensus estimate of $17.4 billion.

Benzinga Edge Rankings place AMD in the 95th percentile for Growth and the 93rd percentile for Quality.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: jamesonwu1972 On Shutterstock.com