Another earnings miss? AMD plunges over 17% post-results!
🎁AI chip star stocks face the test! AMD, SMCI, Qualcomm, ARM, which one can help fellow investors make a profit?
This week, the US stock AI chip circle will welcome a wave of earnings reports!
$Advanced Micro Devices (AMD.US)$and$Super Micro Computer (SMCI.US)$The first to sound the horn will disclose the latest earnings after the US stock market closes on February 3rd; closely followed by$Qualcomm (QCOM.US)$and$Arm Holdings (ARM.US)$which will take the stage after the market closes on February 4th.The market is highly focused on whether this round of earnings can break the deadlock of volatility and release new growth signals, particularly regarding the actual revenue-generating capability and future guidance of AI businesses.👇
AMD: AI frenzy extends to CPUs, growth promises face major test
The biggest highlight of AMD this time is undoubtedly the specific progress and quantitative guidance of its AI business.In November of last year, CEO Lisa Su stated that the company's data center AI revenue would grow by over 80% annually in the next three to five years.KeyBanc analysts further estimate that AMD’s AI GPU revenue will reach $14 billion to $15 billion by 2026, setting high expectations for the market.Recently, driven by positive developments such as a long-term chip supply agreement with OpenAI, the launch of the new Instinct MI455X GPU, and expectations of server CPU capacity selling out with planned price increases of 10-15%, AMD’s stock price achieved a 'nine-day winning streak' in January, marking its longest upward trend in nearly a year.The market is closely watching whether AMD can demonstrate actual capabilities to capture more market share from NVIDIA, and whether its AI revenue guidance for 2026 will meet or exceed optimistic market expectations.
![This week, the US stock AI chip circle will welcome a wave of earnings reports![Keep Fighting] $Advanced Micro Devices (AMD.US)$and$Super Micro Computer (SMCI.US)$The first to sound the horn will disclose the latest earnings after the US stock market closes on February 3rd; closely followed by$Qualcomm (QCOM.US)$and$Arm Holdings (ARM.US)$which will take the stage after the market closes on February 4th.The market is highly focused on whether this round of earnings can break the deadlock of volatility and release new growth signals, particularly regarding the actual revenue-generating capability and future guidance of AI businesses.👇 AMD: AI frenzy extends to CPUs, growth promises face major test [Brave]The biggest highlight of AMD this time is undoubtedly the specific progress and quantitative guidance of its AI business.In November of last year, CEO Lisa Su stated that the company's data center AI revenue would grow by over 80% annually in the next three to five years.KeyBanc analysts further estimate that AMD’s AI GPU revenue will reach $14 billion to $15 billion by 2026, setting high expectations for the market. Recently, driven by positive developments such as a long-term chip supply agreement with OpenAI, the launch of the new Instinct MI455X GPU, and expectations of server CPU capacity selling out with planned price increases of 10-15%, AMD’s stock price achieved a 'nine-day winning streak' in January, marking its longest upward trend in nearly a year.The market is closely watching whether it can demonstrate taking share from NVIDIA...](https://nnqimage.futunn.com/sns_client_feed/999982/20260202/web-1770045700991-0u2yB9PMbd.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
SMCI: The Dilemma Between Growth and Profitability
As a representative manufacturer in the AI server field,Super Micro Computer is at a crossroads of scaling expansion and profitability pressure.The company expects fiscal year 2026 sales to reach at least $36 billion, with year-over-year growth of at least 64%; however, due to higher costs associated with the new Blackwell-optimized platform, its gross margin may face pressure in the short term.
This 'rapid growth but weak profitability' situation has also caused a divide among analysts: Goldman Sachs and Mizuho have given target prices of $26 and $31 respectively, implying that the stock price could have another 5% to 20% downside.Currently, SMCI holds over $13 billion in orders related to NVIDIA's Blackwell servers, with the market focused on whether these orders can be smoothly converted into profits.On the other hand, the market's biggest panic previously stemmed from former auditor Ernst & Young’s questioning of corporate governance and internal controls. If the new auditor BDO confirms in this earnings report that the internal control issues have been resolved, it could catalyze a valuation recovery.
The uncertainty of earnings disclosure is also reflected in the options market, with expectations that the post-earnings stock price could fluctuate within a range of ±11.20%, indicating intense competition between bulls and bears.![This week, the US stock AI chip circle will welcome a wave of earnings reports![Keep Fighting] $Advanced Micro Devices (AMD.US)$and$Super Micro Computer (SMCI.US)$The first to sound the horn will disclose the latest earnings after the US stock market closes on February 3rd; closely followed by$Qualcomm (QCOM.US)$and$Arm Holdings (ARM.US)$which will take the stage after the market closes on February 4th.The market is highly focused on whether this round of earnings can break the deadlock of volatility and release new growth signals, particularly regarding the actual revenue-generating capability and future guidance of AI businesses.👇 AMD: AI frenzy extends to CPUs, growth promises face major test [Brave]The biggest highlight of AMD this time is undoubtedly the specific progress and quantitative guidance of its AI business.In November of last year, CEO Lisa Su stated that the company's data center AI revenue would grow by over 80% annually in the next three to five years.KeyBanc analysts further estimate that AMD’s AI GPU revenue will reach $14 billion to $15 billion by 2026, setting high expectations for the market. Recently, driven by positive developments such as a long-term chip supply agreement with OpenAI, the launch of the new Instinct MI455X GPU, and expectations of server CPU capacity selling out with planned price increases of 10-15%, AMD’s stock price achieved a 'nine-day winning streak' in January, marking its longest upward trend in nearly a year.The market is closely watching whether it can demonstrate taking share from NVIDIA...](https://nnqimage.futunn.com/sns_client_feed/999982/20260203/web-1770076829092-jnl3uDbBEF.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Qualcomm: Can AI decentralization strategy stage a comeback?
Qualcomm's traditional strength lies in mobile phone chips,However, the market is currently more focused on the diversification of its AI business (AI PC, automotive, and edge computing).At CES 2026, Qualcomm showcased its full-scenario AI deployment, ranging from the Snapdragon X2 Plus for PCs (80 TOPS NPU computing power) to the Leapdragon IQ10 processor for robotics (700 TOPS computing power), highlighting its development strategy to push AI from the cloud to the edge.If management can enhance visibility on AI endpoint and automotive long-term orders while maintaining recovery in mobile demand and stable gross margins, the stock price could see a revaluation.
If management can enhance visibility on AI endpoint and automotive long-term orders while maintaining recovery in mobile demand and stable gross margins, the stock price could see a revaluation.ARM: Expanding the AI Ecosystem with a High-Gross-Margin Model
Doesn't manufacture chips but acts as the 'architect' in the chip world.With its lightweight asset licensing model, Arm Holdings has long enjoyed an astonishing gross margin of over 97%,Its growth story is closely tied to AI: SoftBank, as the largest shareholder, is deeply involved in AI infrastructure investment; the company is also collaborating with Broadcom to develop the OpenAI Titan-1 AI chip, which is expected to enter mass production by the end of 2026 and could generate over $1 billion in annual licensing revenue.Despite a deep correction in its stock price over the past six months, analysts generally believe that its core advantage of high gross margins remains unchanged, and the market expects growth in its AI-related licensing business.
🎁[Prize Activity]
From foundational computing hardware$Advanced Micro Devices (AMD.US)$$Super Micro Computer (SMCI.US)$To top-level design ecosystems$Arm Holdings (ARM.US)$$Qualcomm (QCOM.US)$, the performance of these four companies will serve as the litmus test for the AI industry chain!
Will growth trickle down and validate each other? Who will be able to withstand the earnings test? Feel free to share your predictions~
Will growth trickle down and validate each other? Who will be able to withstand the earnings test? Feel free to share your predictions~🏆 Event One: Big Rally Competition 🎯
Select the stock you believe will have the highest single-day gain after earnings are released. Fellow investors who predict correctly will share the prize.10,000 points!
(For example, if 10 fellow investors guess correctly, each person will receive 1,000 points; activity rewards will be distributed uniformly after this earnings season ends!)
🏆 Activity Two: Speak Your Mind 🎯
AMD's high AI growth, SMCI's order realization, Qualcomm's edge breakthrough, and ARM's ecosystem empowerment—whose performance do you favor?
Leave your choice in the comments section, discuss the stock you favor most along with your core logic. Leave a comment (more than 30 words) that is well-reasoned, and you'll qualify for the prize66 points!
Note: Both Event One and Event Two will end at 22:30 Beijing Time on February 4th; rewards from both events are stackable and will be distributed uniformly after this earnings season concludes.
Multiple AI chip stocks face earnings tests—how to deploy easily? 'Earnings Express' with AI insights highlights key points and outlines a three-step options strategy>>![This week, the US stock AI chip circle will welcome a wave of earnings reports![Keep Fighting] $Advanced Micro Devices (AMD.US)$and$Super Micro Computer (SMCI.US)$The first to sound the horn will disclose the latest earnings after the US stock market closes on February 3rd; closely followed by$Qualcomm (QCOM.US)$and$Arm Holdings (ARM.US)$which will take the stage after the market closes on February 4th.The market is highly focused on whether this round of earnings can break the deadlock of volatility and release new growth signals, particularly regarding the actual revenue-generating capability and future guidance of AI businesses.👇 AMD: AI frenzy extends to CPUs, growth promises face major test [Brave]The biggest highlight of AMD this time is undoubtedly the specific progress and quantitative guidance of its AI business.In November of last year, CEO Lisa Su stated that the company's data center AI revenue would grow by over 80% annually in the next three to five years.KeyBanc analysts further estimate that AMD’s AI GPU revenue will reach $14 billion to $15 billion by 2026, setting high expectations for the market. Recently, driven by positive developments such as a long-term chip supply agreement with OpenAI, the launch of the new Instinct MI455X GPU, and expectations of server CPU capacity selling out with planned price increases of 10-15%, AMD’s stock price achieved a 'nine-day winning streak' in January, marking its longest upward trend in nearly a year.The market is closely watching whether it can demonstrate taking share from NVIDIA...](https://nnqimage.futunn.com/sns_client_feed/999982/20260203/web-1770057054468-Fk6r4VLiLO.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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