AMD powers AI workloads and gaming GPUs at scale; racing Nvidia in AI hardware with new rack-scale systems and expanded data-center chips.
Tech giants push for multiple winners in AI infrastructure. SpaceX will exclusively use Nvidia GPUs; AMD touts open-source ROCm as a faster path to AI software, while investors weigh diversification against strong growth in AI compute. Nvidia remains a central player, with Nvidia-powered SpaceX contracts and AMD’s open strategy shaping near-term dynamics.
HSBC and Bank of America analysts say Q2 earnings expectations remain elevated, led by energy and tech. Stocks facing mixed guidance, with Netflix and T-Mobile among notable names under watch ahead of results.
AMD has unveiled its Helios AI rack system at Advancing AI in San Francisco, promising higher throughput and lower cost per token. The system targets hyperscalers and data centers, with partnerships across Microsoft, Anthropic, OpenAI, and others. The move intensifies the race with Nvidia as AMD argues Helios delivers greater inference efficiency.
SpaceX has reported quarterly results with strong revenue but ongoing losses, highlighting a heavy $18bn capex focus on AI infrastructure. Investors are watching for returns as Starlink remains the profit engine while the AI division remains loss-making and the public market faces a volatile response as lock-up expirations loom.
Fed dissenters argue inflation remains too high and supply shocks persist; they advocate a series of small rate increases to curb inflation, while the majority holds rates steady. The coming months will test whether this hawkish push gains traction.