Robert Way/iStock Editorial via Getty Images Every so often, a company mentions something on an earnings call that should change the entire story, but it gets ignored while investors walk away talking about something else. That’s pretty much what happened with Advanced Micro Devices, Inc. ( AMD ) on May 5, 2026. AMD’s first-quarter 2026 earnings print looked like another clean beat. Revenue came i...
Robert Way/iStock Editorial via Getty Images Every so often, a company mentions something on an earnings call that should change the entire story, but it gets ignored while investors walk away talking about something else. That’s pretty much what happened with Advanced Micro Devices, Inc. ( AMD ) on May 5, 2026. AMD’s first-quarter 2026 earnings print looked like another clean beat. Revenue came in at around $10.25 billion, ahead of Wall Street estimates by 3.39% , while (non-GAAP diluted) earnings per share landed at $1.37- outpacing estimates by 5.82%. The result? AMD's share price grew roughly 16% on the news and it’s been climbing- about 28% since the release date. My Strong Buy rating for AMD stays right where it was, but the reason isn’t solely centered around this earnings beat. Rather, it’s about something CEO Lisa Su said that the market still hasn’t fully digested yet. Read on for more. AMD's first quarter 2026 earnings highlights First off, let’s see what’s under the hood. Again, AMD’s revenue for first-quarter 2026 landed at $10.25 billion, up 38% year-over-year, and more importantly, it outpaced management expectations of $9.8 billion (plus or minus $300 million). All this was driven by impressive revenue growth across AMD’s segments: Segment Q1 2026 Q1 2025 YoY Growth Data Center $5.78B $3.67B +57% Client and Gaming (total) $3.61B $2.94B +23% Client $2.89B $2.29B +26% Gaming $720M $647M +11% Embedded $873M $823M +6% Total $10.25B $7.44B +38% Click to enlarge The Data Center segment brought in $5.78 billion, up 57% year-over-year. This is the segment that sells chips to companies running cloud and AI operations. AMD’s Client and Gaming segment also contributed meaningfully to the top line, with 23% revenue growth to $3.61 billion over the same stretch. Meanwhile, AMD’s overall gross profit for the quarter rose 45% to $5.42 billion, with gross margin expanding 3 percentage points to 53%. As a result, operating income surged 83% to $1.48 billion, while ne...
Robert Way/iStock Editorial via Getty Images Every so often, a company mentions something on an earnings call that should change the entire story, but it gets ignored while investors walk away talking about something else. That’s pretty much what happened with Advanced Micro Devices, Inc. ( AMD ) on May 5, 2026. AMD’s first-quarter 2026 earnings print looked like another clean beat. Revenue came i...
Robert Way/iStock Editorial via Getty Images Every so often, a company mentions something on an earnings call that should change the entire story, but it gets ignored while investors walk away talking about something else. That’s pretty much what happened with Advanced Micro Devices, Inc. ( AMD ) on May 5, 2026. AMD’s first-quarter 2026 earnings print looked like another clean beat. Revenue came in at around $10.25 billion, ahead of Wall Street estimates by 3.39% , while (non-GAAP diluted) earnings per share landed at $1.37- outpacing estimates by 5.82%. The result? AMD's share price grew roughly 16% on the news and it’s been climbing- about 28% since the release date. My Strong Buy rating for AMD stays right where it was, but the reason isn’t solely centered around this earnings beat. Rather, it’s about something CEO Lisa Su said that the market still hasn’t fully digested yet. Read on for more. AMD's first quarter 2026 earnings highlights First off, let’s see what’s under the hood. Again, AMD’s revenue for first-quarter 2026 landed at $10.25 billion, up 38% year-over-year, and more importantly, it outpaced management expectations of $9.8 billion (plus or minus $300 million). All this was driven by impressive revenue growth across AMD’s segments: Segment Q1 2026 Q1 2025 YoY Growth Data Center $5.78B $3.67B +57% Client and Gaming (total) $3.61B $2.94B +23% Client $2.89B $2.29B +26% Gaming $720M $647M +11% Embedded $873M $823M +6% Total $10.25B $7.44B +38% Click to enlarge The Data Center segment brought in $5.78 billion, up 57% year-over-year. This is the segment that sells chips to companies running cloud and AI operations. AMD’s Client and Gaming segment also contributed meaningfully to the top line, with 23% revenue growth to $3.61 billion over the same stretch. Meanwhile, AMD’s overall gross profit for the quarter rose 45% to $5.42 billion, with gross margin expanding 3 percentage points to 53%. As a result, operating income surged 83% to $1.48 billion, while ne...
Getty Images Uber Technologies, Inc. ( UBER ) has been a core portfolio position for me in the past 6 years. I found the company irrationally priced during the pandemic fallout, and Uber stock has delivered market-beating returns since March 2020. Pandemic fears are no more (excuse me, hantavirus). Travel demand remains robust despite geopolitical tensions. But Uber has lost ~20% of its market val...
Getty Images Uber Technologies, Inc. ( UBER ) has been a core portfolio position for me in the past 6 years. I found the company irrationally priced during the pandemic fallout, and Uber stock has delivered market-beating returns since March 2020. Pandemic fears are no more (excuse me, hantavirus). Travel demand remains robust despite geopolitical tensions. But Uber has lost ~20% of its market value in the past 12 months, with the company falling out of favor among growth investors looking for the next big thing in the market. I assume this is because Uber is already a big thing, unlike many wannabe AI giants. I am bullish on Uber as I believe the company will dominate the global ridesharing industry in the long run. It already does, in fact. However, I do keep an eye on new developments that warrant the attention of long-term investors. Last month, Uber CTO Praveen Neppalli Naga told The Information that its engineers had run through the full 2026 AI budget . Running through the annual AI budget in just 4 months certainly does not sound like a position any company would want to find themselves in. As a long-term investor, as soon as I learned about this development, I knew I had to delve deeper to understand what this actually means for the long-term financial performance of the company. My findings, which I reveal in this analysis, indicate that Uber's aggressive AI spending is actually a good thing for shareholders. I believe this spending will pave the way for a meaningful improvement in operating margins by 2031. I know this sounds contradictory, given that AI spending should deteriorate, not boost margins. But I'll let the numbers talk. Blowing Through The AI Budget Sounds Worse Than It Actually Is According to CTO Naga, Uber is back to the drawing board with its AI budget after consuming the full 2026 AI budget within 4 months into the financial year. Out of approximately 34,000 total Uber employees, about 5,000 are engineers. In the recent past, Uber has bee...
First Mining Gold press release ( FF:CA ): Q1 GAAP EPS of -C$0.01. As of March 31, 2026, the company's cash and marketable securities balance was C$44.8 million, equity investment value of Seva Mining was C$30 million, and the equity interest in PC Gold was C$21.5 million. More on First Mining Gold Historical earnings data for First Mining Gold Financial information for First Mining Gold
First Mining Gold press release ( FF:CA ): Q1 GAAP EPS of -C$0.01. As of March 31, 2026, the company's cash and marketable securities balance was C$44.8 million, equity investment value of Seva Mining was C$30 million, and the equity interest in PC Gold was C$21.5 million. More on First Mining Gold Historical earnings data for First Mining Gold Financial information for First Mining Gold
POET Technologies ( POET ) on Friday said it has entered into an agreement to issue and sell 19.05M common shares and a warrant exercisable for 19.05M common shares to a single institutional investor in a non-brokered registered direct offering. The combined price of one common share and the accompanying warrant in respect of one common share will be $21.00, raising aggregate gross proceeds of $40...
POET Technologies ( POET ) on Friday said it has entered into an agreement to issue and sell 19.05M common shares and a warrant exercisable for 19.05M common shares to a single institutional investor in a non-brokered registered direct offering. The combined price of one common share and the accompanying warrant in respect of one common share will be $21.00, raising aggregate gross proceeds of $400M. The warrant will be exercisable at an exercise price of $26.15 per common share for a period of three years from the date of issuance. The closing of the financing is expected to take place on or about May 18. The combined price for the offered securities represents a premium over the closing price of the corporation’s common stock as quoted on the Nasdaq of $20.57 on Thursday, May 14, 2026. The corporation intends to use the net proceeds from this investment for the expansion of its manufacturing infrastructure, support for corporate development activities, including targeted acquisitions, scaling up of R&D, acceleration of the light source business, expanding operations, and general working capital. POET -12.49% at $18 premarket. Press Release More on POET Technologies POET Technologies: The Human Element Slammed The Stock, But I'm Still At 'Buy' POET Technologies: A Valuation Built On Fragile Foundations POET Technologies: Why I'm Still Bullish Despite The Marvell Drama And Legal Risks POET Technologies revenue beats as AI, hyperscale partnerships expand POET Technologies GAAP EPS of -$0.08 misses by $0.03, revenue of $0.5M beats by $0.25M
Diversified Royalty press release ( DIV:CA ): Q1 Revenue of $17.5M. Net income of $7.6M. Distributable cash was $12.0 million in Q1 2026. More on Diversified Royalty Diversified Royalty: De-Risking Through Fixed Royalties Diversified Royalty to acquire Canadian Lube + Tires franchisor for C$235M Historical earnings data for Diversified Royalty Dividend scorecard for Diversified Royalty Financial i...
Diversified Royalty press release ( DIV:CA ): Q1 Revenue of $17.5M. Net income of $7.6M. Distributable cash was $12.0 million in Q1 2026. More on Diversified Royalty Diversified Royalty: De-Risking Through Fixed Royalties Diversified Royalty to acquire Canadian Lube + Tires franchisor for C$235M Historical earnings data for Diversified Royalty Dividend scorecard for Diversified Royalty Financial information for Diversified Royalty
Sundry Photography Cisco ( CSCO ) was upgraded at investment firm HSBC on Friday after the networking giant reported stronger-than-expected third-quarter results and guidance. Shares fell 2.8% in premarket trading. “We believe 3Q supports a thesis that Cisco’s AI role is becoming structural and that AI revenue is having a larger financial impact than we had expected,” analyst Stephen Bersey wrote ...
Sundry Photography Cisco ( CSCO ) was upgraded at investment firm HSBC on Friday after the networking giant reported stronger-than-expected third-quarter results and guidance. Shares fell 2.8% in premarket trading. “We believe 3Q supports a thesis that Cisco’s AI role is becoming structural and that AI revenue is having a larger financial impact than we had expected,” analyst Stephen Bersey wrote in a note to clients. “We now expect AI to represent c6% and c9% of group revenue in FY26 and FY27, respectively. We see three growth drivers that strengthen the investment case: (1) hyperscaler AI build-outs, (2) enterprise AI networking upgrades, and (3) campus modernization as traffic, security, and latency requirements rise. Despite gross margin pressure, management has credible offsets through pricing, tighter contract terms, supply chain commitments, OpEx discipline, and lower memory utilization within designs.” Bersey raised his rating on Cisco to Buy from Hold and upped his price target to $137 from $77. More on Cisco Cisco Systems, Inc. (CSCO) Q3 2026 Earnings Call Transcript S&P 500: Everyone Is Now An Earnings Expert, And A Quick Look At Cisco's Expected Earnings Cisco Q3 Earnings Preview: Margin Focus As Shares Trade Near Highs Cisco stock rallies most since 2011 in post-earnings momentum breakout Cisco finds supply chain advantage with One Silicon to rule them all: analysts
Futures Tumble As Reality Returns And Yields, Oil And Dollar Soar Bond yields, oil and the dollar are surging this morning as US futures tumble from all-time highs, with Tech underperforming driven by a series of factors including i) surging energy prices on lack of Iran war progress, ii) elevated positioning into options expiry; iii) Central bank repricing, iv) Tech sell-off driven by higher yiel...
Futures Tumble As Reality Returns And Yields, Oil And Dollar Soar Bond yields, oil and the dollar are surging this morning as US futures tumble from all-time highs, with Tech underperforming driven by a series of factors including i) surging energy prices on lack of Iran war progress, ii) elevated positioning into options expiry; iii) Central bank repricing, iv) Tech sell-off driven by higher yields, and v) strikes at Samsung Electronics. The combination of stronger consumption and higher inflation is also a factor today. As of 8:00am ET, S&P futures are down 1.0% and Nasdaq futures slide 1.4% with the momentum brigade of Semis and Memory dumping (that bastion of the memory trade, Korea, sold off last night, its worst day since early March). The losses point to a bleak end to a week in which chipmakers led a narrow rally despite steadily rising yields and the absence of a US-Iran deal. Cyclicals ex-Energy are, unsurprisingly, seeing material underperformance to Defensives. Bond yields are up 4-7bps as the Dollar looks to complete its first 5-day win steak since March. In commodities, Energy is leading with Brent rising 2.3% to above $108 a barrel. Helima Croft, global head of commodity strategy at RBC Capital Markets, said an expectation that the Strait of Hormuz would reopen within the next month was “magical thinking.” Precious metals tumble on dollar strength. Today’s macro data releases are all B-grade, including Empire Mfg, Industrial / Mfg Production, and Capacity Utilization; none are market-moving. In premarket trading, Mag 7 stocks are mostly lower: Microsoft (MSFT) rises 0.7% after Pershing Square Chief Executive Officer Bill Ackman said he’s taken a new stake in the compan ( Alphabet -1.6%, Amazon -1.5%, Apple -1.2%, Nvidia -2%, Meta -0.7%, Tesla -1.9%) Dexcom (DXCM) rises 3% after the diabetes device maker gave long-term growth outlook at its investor day that impressed analysts. Separately, activist investor Elliott Investment Management took a stake in...
The impact of AI capex, the geopolitical race for resources, rising defense spend and a housing shortage in America all argue in favor of exposure of materials in conjunction with tech for a “barbell” approach to risk
The impact of AI capex, the geopolitical race for resources, rising defense spend and a housing shortage in America all argue in favor of exposure of materials in conjunction with tech for a “barbell” approach to risk
Jeremy Poland/E+ via Getty Images Seadrill Limited ( SDRL ) has vastly outperformed the S&P 500 in the past 12 months (+103% vs. +26%) and so far this year (+45% vs. +9%) thanks to its positive business performance and the bright outlook of its business. Even better for the provider of offshore drilling services, the price of oil has skyrocketed lately due to the ongoing crisis in the Middle East ...
Jeremy Poland/E+ via Getty Images Seadrill Limited ( SDRL ) has vastly outperformed the S&P 500 in the past 12 months (+103% vs. +26%) and so far this year (+45% vs. +9%) thanks to its positive business performance and the bright outlook of its business. Even better for the provider of offshore drilling services, the price of oil has skyrocketed lately due to the ongoing crisis in the Middle East and the resultant closure of the Hormuz Straits. As a result, the demand for the deep-water platforms of Seadrill is likely to increase even further, and hence the company will probably be able to lease its platforms at higher day rates. In addition, the stock appears reasonably valued based on the current analysts’ estimates. Given the bright outlook of the business, analysts’ estimates have good chances of being revised upwards in the upcoming months. Therefore, the positive momentum of the stock is likely to remain in place. Nevertheless, investors should be aware of some risks before investing in the stock. Business overview Seadrill provides offshore drilling services to oil and gas producers around the globe. It owns and operates floaters, such as drillships and semi-submersible rigs, for operations in shallow and ultra-deep water. A few days ago, Seadrill reported its results for the first quarter of 2026. Revenue grew 7% over the prior year’s quarter, from $335 million to $358 million, exceeding the analysts’ estimates by $32.5 million (10%). As a result, the company narrowed its adjusted loss per share from -$0.23 to -$0.08 and exceeded the analysts’ consensus by $0.19. The best part of the report was the great increase in backlog, as Seadrill booked several contracts across the U.S. Gulf, Brazil, and Angola. Since management issued the fleet status report in February, Seadrill has enhanced its backlog by more than $860 million, to $3.1 billion. This amount is 2.2 times the revenue of the company in the past 12 months. In other words, Seadrill has secured more than...
The summit between presidents Xi Jinping and Donald Trump was watched closely around the world for welcome moves towards stability but it also triggered anxiety among traditional US allies. In Japan, Prime Minister Sanae Takaichi was arranging calls with Trump and making plans to visit South Korea as the meetings in Beijing wrapped up, according to Japanese public broadcaster NHK. It quoted a gove...
The summit between presidents Xi Jinping and Donald Trump was watched closely around the world for welcome moves towards stability but it also triggered anxiety among traditional US allies. In Japan, Prime Minister Sanae Takaichi was arranging calls with Trump and making plans to visit South Korea as the meetings in Beijing wrapped up, according to Japanese public broadcaster NHK. It quoted a government official as saying that Tokyo was anxious to learn what Washington and Beijing discussed...