AMD Surges 17% Leading Movers on Q1 Earnings Beat, 57% Data-Center Growth

Advanced Micro Devices (AMD.OQ) shares rose roughly 17% on May 6, 2026, topping market movers after stronger-than-expected Q1 results showed data-center sales jumping 57% year-over-year amid AI demand, with management issuing upbeat guidance. The stock had already spiked about 19% premarket following the earnings report, lifting chip peers like Intel and Nvidia-linked suppliers after Corning's Nvidia partnership announcement. Gains extended to Disney on 7% revenue growth, while Arista dipped on margin guidance, driving S&P 500 and Nasdaq toward highs in a bullish session.