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Advanced Micro Devices delivered a strong first quarter, with data center revenue surging fifty-seven percent as investors piled into the stock on conviction that AI infrastructure spending still has considerable runway. The results landed as one of the clearest signals yet that the chip buildout is far from peaking.
Shifting to servers, Super Micro Computer jumped nineteen percent after issuing a quarterly revenue forecast that blew past expectations, with revenue more than doubling year over year. The company also pointed to progress in domestic manufacturing, a detail that carries added weight given the current trade environment and ongoing pressure to localize supply chains.
And in the corporate restructuring space, Coinbase announced it is cutting roughly fourteen percent of its workforce, eliminating what CEO Brian Armstrong calls pure managers in favor of flat hierarchies and AI-native pods that can run as lean as a single person directing automated agents. It is a structural bet that artificial intelligence can absorb layers of headcount that traditional org charts have long treated as essential.
That's the tape. Markets Desk, signing off the floor.["https://www.businessinsider.com/ai-execs-on-pros-cons-managing-tiny-teams-2026-5","https://www.cnbc.com/2026/05/05/super-micro-smci-q3-earnings-report-2026.html","https://www.nasdaq.com/articles/strategy-q1-loss-widens-higher-unrealized-bitcoin-losses","https://www.nasdaq.com/articles/cocoa-prices-jump-weak-outlook-west-african-cocoa-crop","https://fortune.com/2026/05/05/coinbase-layoffs-org-chart-player-coach-replaces-managers/","https://www.businessinsider.com/gamestop-ceo-ryan-cohen-fox-making-money-charles-payne-2026-5","https://www.cnbc.com/2026/05/05/amd-q1-2026-earnings-report.html","https://www.businessinsider.com/larry-fink-blackrock-hyperscaler-data-center-partnership-2026-5"]📺 Markets Desk · 9 PM Update · player loading…