AMD stock continues to climb as investors grow more confident in the chipmaker's AI prospects. The company's market capitalization crossed $1 trillion in intraday trading for the first time, and AMD has told partners to expect a 10% price increase starting in the fourth quarter for AI accelerator chips, consumer graphics processors, and motherboard chipsets. The rally comes after a sharp selloff in AI-related stocks the previous week, signaling renewed investor enthusiasm.
AMD also reported record chip exports in the first quarter, shipping 12.6 billion chips — a 20% increase year over year. CEO Lisa Su attributed the strong quarter to growing demand for AI in data centers, particularly in finance, healthcare, and research. Separately, Cisco reported $9.3 billion in FY26 hyperscaler AI infrastructure orders, citing record growth in secure and scalable networking solutions.
Not all AI-related stocks are performing equally. Nebius Group, which rents AI compute power, saw its stock drop more than 20% from its 52-week high near $300. Despite a staggering 454% revenue jump to $582 million in its latest quarter, the company posted a $190 million net loss. Rising interest rates and calls to slow AI development could affect future demand for the company's services.
On the policy front, Senator Mike Rounds from South Dakota said Congress is moving in the right direction on AI regulation. He discussed the US-China AI race and the influence of socialists on the Democratic Party during a recent interview. Meanwhile, Boot Barn is capitalizing on the AI data center boom by selling commercial workwear to companies building US data centers. The retailer rebranded its commercial business as Boot Barn Workforce and is seeing roughly four-digit growth in work boot sales.
The AI sports sponsorship race is heating up across professional sports. SponsorUnited reports that AI brands have secured 843 sports sponsorship deals, up 92% from last year, spanning 176 active brands. Top sponsors include Copilot, Google Gemini, Harvey, and ChatGPT. The San Francisco Giants and 49ers are signing AI sponsors like Oracle and ElevenLabs, while Harvey completed 10 sponsorships this year including deals with the US Open, Paris Saint-Germain, Chicago Cubs, and Golden State Warriors.
Several startups are using AI to tackle specific industries. Keychain uses AI to match product creators with manufacturers by searching more than 30,000 companies. Dista showcased its AI-powered collections and sales tools at Global Fintech Fest 2026 in Mumbai, serving over 35 banks and financial institutions across India. Tabby, a bookkeeping tool for small businesses, has 5,500 customers and about $100,000 in annual recurring revenue, and is preparing to launch Tabby Talk, a natural language feature. Freehand, which sells autonomous AI payment teams to companies like Meta, Johnson & Johnson, and Pfizer, raised $75 million and hired its first US marketing lead to build out its brand strategy.
Key Takeaways
- AMD's market cap surpassed $1 trillion for the first time as investors bet on strong AI chip demand.
- AMD plans a 10% price increase starting Q4 for AI accelerator chips, consumer GPUs, and motherboard chipsets.
- AMD shipped 12.6 billion chips in Q1, a 20% year-over-year increase, driven by data center AI demand.
- Cisco reported $9.3 billion in FY26 hyperscaler AI infrastructure orders, marking record growth.
- Nebius stock fell over 20% from its 52-week high despite 454% revenue growth to $582 million and a $190 million net loss.
- Senator Mike Rounds says Congress is heading in the right direction on AI policy.
- Boot Barn is seeing roughly four-digit growth in work boot sales by targeting AI data center construction workers.
- AI brands secured 843 sports sponsorship deals, up 92% year over year, with Copilot, Google Gemini, and ChatGPT among top sponsors.
- Freehand raised $75 million and hired its first US marketing lead to promote autonomous AI payment teams serving Meta, Johnson & Johnson, and Pfizer.
- Tabby, a small business bookkeeping AI tool, has 5,500 customers and is raising $1 million in pre-seed funding.
AMD stock rises as AI market growth accelerates
AMD shares are trading higher as investors bet on the chipmaker's growing role in the AI market. AMD's processors are used in machine learning, natural language processing and autonomous vehicles. Analysts say AMD is well positioned to benefit from rapid AI market growth. The company's AI focused products are expected to keep driving growth in the coming months.
Intel and AMD shares surge on strong AI chip demand
Shares of Intel and AMD surged as investors showed strong demand for AI stocks. AMD's market capitalization surpassed $1 trillion for the first time in intraday trading. AMD told partners to expect a 10% price increase starting in the fourth quarter for AI accelerator chips, consumer graphics processors and motherboard chipsets. The rally followed a sharp selloff in AI related stocks the previous week.
AMD stock jumps after record chip exports
AMD stock rallied 12% after the company reported record chip exports in the first quarter. AMD shipped 12.6 billion chips, a 20% increase from the same period last year. CEO Lisa Su said the strong quarter was driven by growing demand for AI in data centers. The demand is especially strong in finance, healthcare and research industries.
Nebius stock drops over 20% from its high
Nebius Group has more than doubled in value this year and was up over 170% since the start of 2026. The company rents out AI compute power but the stock is now down more than 20% from its 52 week high of just under $300. In its most recent quarter revenue grew 454% to $582 million but the company had a net loss of $190 million. Rising interest rates and calls to slow AI development could impact future demand.
Nebius stock down sharply despite strong growth
Nebius Group saw revenue skyrocket 454% to $582 million in its most recent quarter. The stock trades at a forward P/E of 20, which is a steep premium based on expected future earnings. At a market cap of around $60 billion, the company carries high expectations from investors. The stock's current price is $236.94, down from its 52 week high of $299.86.
Sen Mike Rounds says Congress is heading the right way on AI
Sen Mike Rounds from South Dakota talked about artificial intelligence regulation on the show Life, Liberty and Levin. He discussed the US-China AI race and the influence of socialists on the Democratic Party. He stated that Congress is moving in the right direction on AI policy.
Boot Barn sees AI data center boom as chance to sell workwear
Boot Barn is pushing its commercial workwear sales to companies building US data centers for artificial intelligence. The retailer rebranded its commercial business as Boot Barn Workforce and tracks project stages to match inventory to worker needs. Work boots have shown improving comparable sales with roughly four-digit growth in the category. The company sees the AI infrastructure spending as an unlikely but strong opportunity.
AI sports sponsorship race heats up across professional sports
SponsorUnited reports that AI brands bought 843 sports sponsorship deals, up 92 percent from last year, across 176 active brands. Top sports sponsors include Copilot, Google Gemini, Harvey, Globant and ChatGPT. The San Francisco Giants and 49ers are signing AI sponsors like Oracle, ElevenLabs, Doppel and Conversica. Harvey made 10 sponsorships this year including the US Open, Paris Saint-Germain, Chicago Cubs and Golden State Warriors.
CSCO reports record growth from AI infrastructure orders
Cisco reported $9.3 billion in FY26 hyperscaler AI infrastructure orders. The company said demand drove record growth in secure and scalable networking. Strong momentum continued in campus, data center and security solutions. Recurring revenue and margins stayed robust while innovation in AI and observability helped position Cisco as a market leader.
AI platform Keychain helps bring new consumer products to market
A platform called Keychain uses artificial intelligence to match product creators with manufacturers. It searches more than 30,000 companies to help find the right production partner. The tool helps companies bring new consumer products to market more quickly and efficiently. It also helps identify new trends and opportunities in the consumer products industry.
Dista shows AI collections and sales tools at Global Fintech Fest 2026
Dista displayed its products Dista Collect and Dista Sales at Global Fintech Fest 2026 in Mumbai. The event ran from September 9 to 11 at Jio World Centre. The tools use AI and location intelligence to help banks and lenders with collections and sales. Company leaders spoke about debt recovery and loan verification. Dista serves more than 35 banks and financial institutions across India.
Tabby uses AI to simplify bookkeeping for small businesses
Ahad Ali left his accounting job to build Tabby, a tool that handles bookkeeping in real time. Tabby gives small businesses live profit and loss data and aims to replace complex accounting software. The startup now has 5,500 small business customers and about $100,000 in annual recurring revenue. The team has seven people and is raising $1 million in pre-seed funding. Tabby is also preparing to launch Tabby Talk, a natural language feature.
Freehand hires B2C marketer to promote AI payment teams
Freehand named Krshna Prashant as its first US marketing lead. She will sell autonomous AI Teams that process payments for companies like Meta, Johnson & Johnson and Pfizer. The hire comes after a $75 million funding round led by Battery Ventures and NewRoad Capital Partners. Prashant will build the brand and go-to-market strategy in San Francisco. Freehand says its agents work inside ERP systems across 60 to 70 countries.
Sources
- Why AMD Stock Is Rising Fast Today
- Intel and AMD shares surge as AI chip demand lifts sector
- AMD Stock Jumps. Record Chip Exports Point to Strong AI Demand
- Nebius Stock Is Down Over 20% From Its High. Is Now the Time to Buy?
- Nebius Stock Is Down Over 20% From Its High. Is Now the Time to Buy?
- Congress is moving in the ‘right direction’ on AI: Sen Mike Rounds
- Boot Barn bets on AI boom to grow workwear sales
- AI sports-marketing arms race is well underway
- CSCO: AI infrastructure orders surged, driving record growth and leadership in secure, scalable networking
- AI helps companies bring new consumer products to market
- Dista Showcases Location-first AI/GenAI Collections CRM and Sales Productivity Suite at Global Fintech Fest
- With Tabby, a former accountant is using AI to make accountants obsolete
- Freehand hires B2C marketer to sell AI Teams
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