Semiconductor and Cloud Big Tech Earnings Surge Amid AI Infrastructure Boom and Intensifying Competition
테크주 | Fri Jul 24 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 7 sources
Intel posted its fastest growth in 15 years, AMD partnered with Cerebras, and Google Cloud grew 82% as AI infrastructure demand surged.
Analysis
[Intel] recorded highest revenue growth since 2011 amid surging AI server demand [3]
- Q2 revenue of $16.1 billion beat market estimate of $14.42 billion
- Adjusted EPS of 42 cents
- double the estimate of 21 cents
- Data center segment revenue surged 59% to $6.3 billion
- Foundry revenue increased 31% to $5.8 billion
- Signed 10 long-term supply agreements amid supply shortage
[AMD] unveiled 6th-gen EPYC 'Venice' CPU and intensified CPU market competition with Nvidia [1][5]
- Unveiled 6th-generation EPYC CPU at Advancing AI event
- Venice series designed to support agentic AI workloads
- Competing with Nvidia in server CPU market beyond GPUs
- Disclosed details of Helios integrated AI system
[Cerebras] signed AI system co-development partnership with AMD, driving stock up 5% [5]
- Cerebras wafer-scale chips to be integrated into AMD Helios AI system
- Claims 5x higher tokens-per-watt performance versus competitors
- Targeting ultra-low latency AI inference market
- Holds $10 billion
- 750MW contract with OpenAI
[Nvidia] projected 82% growth despite lowest valuation since 2019 [2][7]
- Trailing P/E of approximately 31x
- lowest since 2019
- Wall Street projects 82% revenue growth this year and 42% next year
- Undervalued compared to AMD at 165x and Broadcom at 63x
- Controversy over China's Moonshot AI accessing GB300 chips despite export controls
[Google Cloud] grew revenue 82% with existing customer spending exceeding commitments by 50% [6]
- Q2 cloud revenue grew 82% year-over-year
- Existing customers spending about 50% more than committed
- Leasing from third parties like CoreWeave and Nebius due to capacity shortage
- Raised 2026 capex outlook to $195-205 billion
- Alphabet stock fell 7.1%
[IBM] addressed AI software replacement concerns as mainframe revenue plunged [4]
- CEO Krishna claims only 2% of its software could be replaced by AI
- Z mainframe revenue down 42%
- transaction processing software down 9%
- 2026 software revenue growth outlook lowered to 6-8% from prior double-digit
- IBM stock down approximately 30% year-to-date
Sources
- [1] AMD’s rivalry with Nvidia is increasingly moving into a new realm - MarketWatch Top Stories
- [2] Nvidia's Stock Hasn't Been This Cheap Since 2019. Here's Why It's the Best Buy in the Market Now. - The Motley Fool
- [3] Intel's stock jumps as chipmaker rides AI boom to fastest revenue growth in almost 15 years - CNBC World Markets
- [4] IBM's Krishna tries to reassure investors that AI won't disrupt company's software unit - CNBC World Markets
- [5] Cerebras stock gains on AMD partnership - CNBC World Markets
- [6] Google Cloud CEO Kurian says customers are spending 50% more as segment blows away expectations - CNBC World Markets
- [7] Moonshot AI accessed Nvidia's chips despite Chinese export ban, White House official says - CNBC World Markets