AMD hits $469.87 all-time high

Advanced Micro Devices shares climbed to an all-time high of $469.87 early on May 22, extending a rally that followed Nvidia’s latest earnings and a broader rebound in AI-linked stocks. TipRanks said the move came as investors treated Nvidia’s results as fresh evidence that spending on AI infrastructure remains strong. Nvidia reported record quarterly revenue on May 20 and paired that report with a larger dividend and a new $80 billion share repurchase authorization. ### Why did AMD move on May 22? TipRanks said AMD hit $469.87 early on May 22 and tied the gain to Nvidia’s “blockbuster” earnings and stronger confidence in the AI trade. That framing matters because AMD was not the company reporting earnings that day; the catalyst cited in market commentary was Nvidia’s update and the read-through for chip and infrastructure names. (investor.nvidia.com) Yahoo Finance reported on May 22 that investors were still focused on Nvidia’s earnings even as Nvidia shares themselves faced a muted reaction. In that coverage, the AI trade was described as staying in focus across tech stocks after the earnings release. (finance.yahoo.com) ### What did Nvidia report that fed the broader chip rally? Nvidia said on May 20 that first-quarter fiscal 2027 revenue reached a record $81.6 billion, up 85% from a year earlier, while data center revenue rose 92% to $75.2 billion. The company also said it expected about $91 billion in second-quarter revenue, plus or minus 2%. (finance.yahoo.com) Nvidia also disclosed a larger capital-return plan alongside the earnings report. The company said its board approved an additional $80 billion share repurchase authorization on May 18 and raised the quarterly cash dividend to $0.25 per share from $0.01. ### Why would Nvidia’s report affect AMD? (investor.nvidia.com) AMD competes with Nvidia in AI chips and data-center hardware, so Nvidia’s results are often treated by investors as a signal about demand across the sector. TipRanks said renewed confidence in AI infrastructure spending helped lift AMD on May 22, and Yahoo Finance separately described investors as continuing to “stoke” the AI trade after Nvidia’s report. That is market interpretation from those outlets, not a statement by AMD. (investor.nvidia.com) Nvidia’s own figures gave investors fresh numbers to work with. The company said first-quarter data center networking revenue reached $14.8 billion, up 199% from a year earlier, adding to the picture of heavy spending on AI systems and related hardware. ### Did Nvidia’s stock rally in the same way? Yahoo Finance reported that Nvidia stock saw another downbeat earnings reaction even as the broader AI trade remained active. (finance.yahoo.com) That split helps explain why AMD’s record high drew attention: the strongest immediate move was not necessarily in the company that reported the results, but in another major chipmaker seen as part of the same investment theme. (finance.yahoo.com) Yahoo Finance’s market data page showed Nvidia at $215.33 at the May 22 close, down 1.90% on the day, with shares lower again after hours. ### What concrete dates matter next? Nvidia said the increased quarterly dividend will be paid on June 26, 2026, to shareholders of record on June 4. The company’s May 20 earnings release also set the benchmark investors are using for second-quarter expectations, with revenue guidance of roughly $91 billion. (finance.yahoo.com) (investor.nvidia.com) (finance.yahoo.com)