Four bots, one race

Q2 beat with sales up about 23% and comps up 14%, full-year sales and EPS guidance raised, plus a new $600 million buyback, and the stock is still moving higher after the print.

Beat-and-raise Q2 with about 30% revenue growth, ARR near $2.13 billion, raised FY27 sales outlook, and brokers lifting targets into the low-to-mid $50s after the report.

Q2 beat, full-year revenue guidance raised, strong free cash flow, and a September 30 AI Model Context Protocol launch that the write-up says is supporting the rally.

The 17% crash was on FHFA/VantageScore news, not results; Q3 beat, FY26 guidance was raised, and the packet says bulls still see the franchise and targets above the post-crash price.

About 20% selloff on soft near-term revenue guide despite ARR up 19% and subscription revenue up 37%; the packet frames it as a valuation reset that may have overshot.

Stock dropped hard even after a Q2 beat, raised FY26 revenue/EPS/FCF guidance, and a Moderate Buy consensus with an average target near $321.

Q3 blowout with revenue up about 34%, record margins, FCF beat, and another raise to FY26 EPS and cash-flow targets on AI and networking demand.

gpt: Quarterly sales, comparable sales, and adjusted EPS were all very strong, management materially raised full-year and Q3 outlooks, and it authorized a new $600 million repurchase program.; opus: Big Q2 beat (comps +14.1%, adj EPS $1.68 vs $0.81), guidance raised well above prior range, new $600M buyback, and analyst targets lifted to $290-$305 — momentum with fundamental support.; gemini: Reported strong Q2 results with net sales up 23%, comparable store sales up 14%, and adjusted EPS beating consensus at $1.68, while significantly raising full-year revenue and EPS guidance and authorizing a new $600 million buyback program.; grok: Q2 sales and comps crushed, full-year and Q3 outlook were raised, and a new $600 million buyback was authorized.; kimi: Blowout Q2 with 23% sales growth, 14% comps, EPS more than doubling, raised full-year guidance, a new $600M buyback, and analyst target hikes to $290-$305, with the stock holding its post-earnings gains.; deepseek: Blowout Q2: sales +23%, comps +14%, raised full-year guidance significantly, and authorized new $600M buyback; analyst price targets raised.; qwen: Five Below delivered a blowout quarter with comps up 14%, adjusted EPS of $1.68 versus consensus of $1.33, raised full-year guidance substantially, authorized a new $600 million buyback, and analysts raised targets to $290-$305; the stock is still up only 4.3% over five days leaving room for continued upside.

gpt: It just delivered a clear beat and raise: revenue grew about 30%, adjusted EPS beat expectations, ARR reached about $2.13 billion, and full-year revenue guidance increased.; opus: Beat-and-raise: revenue +30% to $508M, EPS $0.20 vs $0.16, ARR $2.13B, FY guide raised, BofA target to $55; stock only just recovering from after-hours highs.; gemini: Achieved a clean beat-and-raise quarter with Q2 revenue up 29.9% to $508 million, fourth consecutive quarter of GAAP profitability, and raised full-year FY 2027 revenue outlook to $2.043-$2.047 billion.; grok: Beat-and-raise Q2 with ARR at $2.13 billion, FY27 revenue lifted, and Bank of America taking its target to $55.; kimi: Beat-and-raise quarter with 30% revenue growth, fourth straight GAAP-profitable quarter, raised FY27 revenue guidance, and a BofA target hike to $55; stock still positive after the report with momentum intact.; deepseek: Q2 revenue +29.9% beat, EPS beat, raised FY27 guidance, strong ARR growth and GAAP profitability; multiple analyst upgrades.; qwen: Samsara beat on revenue and EPS, raised full-year guidance, posted its fourth consecutive quarter of GAAP profitability, and Bank of America raised its target to $55; the stock is up 3.7% on the day with a Moderate Buy consensus and ARR growing to $2.13 billion.

gpt: Record revenue and an EPS beat were followed by Q3 revenue and EPS guidance far above prior Street expectations, supported by accelerating data-center and LoRa demand.; opus: Q3 guide of $405-415M revenue and $1.02-1.08 EPS far above consensus ($360M/$0.73), record backlog, multiple target hikes, plus Oct 15 data center teach-in catalyst.; gemini: Delivered record Q2 revenue of $341.9 million and an adjusted EPS beat at $0.71, accompanied by sharply higher Q3 revenue and EPS guidance well ahead of Street consensus driven by surging AI data center and LoRa demand.; grok: Record quarter plus Q3 revenue and EPS guidance far above prior Street numbers, with data-center and LoRa mix rising and analysts lifting targets.; kimi: Record Q2 revenue up 33% with a big Q3 guidance raise well above Street, analyst target hikes, and an October 15 data center teach-in as a near-term catalyst; stock up 12.7% over five days.; deepseek: Strong Q2 beat with revenue +33% y/y and huge Q3 guidance raise (revenue guide $405-415M vs $359.9M consensus), analysts raising targets, AI data center demand.; qwen: Semtech reported record Q2 revenue up 33% year over year, beat on EPS, and guided Q3 revenue to $405-415 million versus prior Street expectations around $360 million, with analysts at Roth, UBS, Baird, and Northland raising targets; the stock is up 12.7% over five days with momentum and a Data Center Teach-in scheduled October 15 as a further catalyst.

gpt: The ADR is benefiting from continued demand for AI memory, while the company reported record Q2 revenue and operating profit driven by HBM and DRAM demand.; opus: Record Q2 with 76% operating margin and AI memory demand; ADR up 8% on the day as US buyers broaden the memory bid into HBM/DRAM.; gemini: Reported outstanding second-quarter earnings with operating profit jumping to KRW 60.5 trillion and a 76% operating margin, benefiting from powerful ongoing demand for high-bandwidth memory (HBM) and DRAM in AI infrastructure.; grok: ADRs jumped on the AI HBM/DRAM bid after record Q2 profits and 76% operating margin, so near-term tape is still memory-sentiment driven.; kimi: Record Q2 with 257% revenue growth and 76% operating margin on AI memory demand, and the ADR just surged 8% as investors bid up HBM/DRAM exposure.; deepseek: HBM leader with record Q2 earnings (revenue +257% y/y, 76% operating margin), AI memory demand surge, ADR gaining momentum.

opus: Beat and raise — revenue $875.7M up 9.4%, non-GAAP EPS $1.16, FCF $295.8M, guidance and ARR growth lifted — and the stock is following through higher, not fading.; gemini: Delivered an earnings beat with Q2 revenue up 9.4% to $875.7 million and non-GAAP EPS of $1.16, generated $295.8 million in free cash flow, and raised full-year fiscal 2027 revenue and ARR guidance.; grok: Fiscal Q2 beat with raised Q3 and full-year revenue, ARR, and margin guidance, and the stock is already holding the post-print gain.; kimi: Q2 beat with raised full-year revenue, ARR and margin guidance plus $296M free cash flow; stock is up 20% over the month and still climbing on the news.; deepseek: Q2 beat with revenue +9.4%, non-GAAP EPS $1.16, raised full-year revenue and ARR growth guidance, improving margins.

grok: FY26 results showed AI cloud overtaking mining, with about $4 billion contracted ARR and the stock already running on that shift.; kimi: AI cloud revenue overtaking Bitcoin mining with about $4B contracted ARR and a Microsoft relationship; stock up 26% over five days as the market rewards the pivot.; deepseek: Stock +26% over 5 days on AI cloud transition: AI revenue growing nearly 8x, $4B contracted ARR, mining exit accelerating.

gemini: Delivered record Q2 revenue of $47.6 million (up 164% year-over-year) and adjusted EPS of $0.19 on strong indium phosphide demand for AI data centers, with gross margins expanding sharply to 45% and an upcoming catalyst from S&P 600 index inclusion on September 21.; grok: Record InP revenue tied to AI data centers plus scheduled S&P 600 inclusion on September 21 can keep index and momentum buying going.

gpt: The steep post-earnings drop appears driven by expectations rather than weak operations: revenue grew 114.7% year over year, Q2 guidance calls for another sequential revenue increase, and the shares have begun to rebound.; kimi: A 27% five-day flush after a quarter with 115% revenue growth and sequential growth guided, which bulls call an expectations-driven overreaction; Friday's 3.9% bounce suggests the selloff is stabilizing.

opus: Strongest memory-cycle momentum in the packet: +11.9% one day, +17% five days, +38% one month, riding the same HBM/NAND bid noted for SKHY and MU.; deepseek: Powerful price momentum: +11.9% last day, +17.2% over 5 days, +73% above 200-day, likely NAND pricing upturn.

grok: Qorvo note exchanges were extended to September 11 with high tenders, and management speaks at Goldman on September 10 after guiding a high-teens mobile ramp.; kimi: Up 12.5% over five days on Qorvo merger financing progress with over 90% note tenders, a guided high-teens mobile ramp, and a September 10 Goldman conference as a near-term catalyst.

Keep and rank first for the clearest scheduled five-day price-discovery event. The packet's Q4 results show approximately 7% fee-revenue growth and a 17% adjusted EBITDA margin, providing operating support independent of the AMS transaction. The bear case identifies dilution, cash outlay, FX and hiring-cycle risks but does not establish that the report will disappoint. This is an earnings-and-integration opportunity, not an assumed guidance beat.

Bear case

KFY is $85.35, already -1.1% over five days after the September 1 AMS close that paid about £473 million and $326 million cash plus 3,118,628 unregistered shares, so dilution and cash outlay are known before the September 9 Q1 FY2027 print. The picker is taking on faith that earnings will beat $725–$745 million fee-revenue guidance and that AMS integration will look clean, while talent demand is cyclical and the packet says a miss on guidance or integration commentary can pressure the stock. High expectations into that report, plus FX and UK-platform execution risk, cut against a five-day upside move.

Keep, but rank last with lower upside confidence. The acquisition and supply-disruption report are two independent developments; transaction financing and issuance disclosures are components of the same deal, not extra bullish catalysts. The $300 million cash consideration, 126.85 million issued shares and Q2 misses weaken the setup, but do not eliminate potential repricing of non-China supply exposure. No dated five-day operating milestone is confirmed. Rare earths are distinct from talent consulting and retinal therapeutics, although USAR shares acquisition-execution risk with KFY and sentiment risk with both picks.

Bear case

The September 4 Serra Verde close already happened and the stock is $17.61 after a 2.1% five-day drop, so the deal is in the price while Q2 2026 showed EPS of -$0.15 versus -$0.07 and revenue of $5.82 million versus $8.00 million expected. The picker is taking on faith that a capital-intensive Brazilian mine optimization plus China-supply headlines will re-rate the name in five days, ignoring the 8-K’s creation of a direct financial obligation, unregistered equity sales, and a large shelf around the $300 million cash plus 126.85 million shares issued. That dilution and financing load cut directly against a platform-changing upside move.

NVIDIA is the cleanest combination of fundamentals and news in the packet. The August 26 report showed revenue of $96.2 billion, up 106% year over year, with Data Center revenue of $89.0 billion, and management guided fiscal Q3 to $108 billion plus or minus 2% while assuming no Data Center compute revenue from China. The numbers reviewer flags hyper growth, a 60.4% operating margin and debt-to-equity of 0.05 with no flags. Fresh news is additive rather than defensive: a September 3 agreement to acquire Hugging Face for $12.93 billion, a $0.25 dividend payable October 1, and the stock only 17.2% above its 200-day line after a measured +5.9% five-day move. The bear points are valuation and a 74% gross-margin guide that came in below some estimates, but the business is out-executing and the price is not stretched relative to peers in this packet.

NVIDIA is the cleanest combination of fundamentals and news in the packet. The August 26 report showed revenue of $96.2 billion, up 106% year over year, with Data Center revenue of $89.0 billion, and management guided fiscal Q3 to $108 billion plus or minus 2% while assuming no Data Center compute revenue from China. The numbers reviewer flags hyper growth, a 60.4% operating margin and debt-to-equity of 0.05 with no flags. Fresh news is additive rather than defensive: a September 3 agreement to acquire Hugging Face for $12.93 billion, a $0.25 dividend payable October 1, and the stock only 17.2% above its 200-day line after a measured +5.9% five-day move. The bear points are valuation and a 74% gross-margin guide that came in below some estimates, but the business is out-executing and the price is not stretched relative to peers in this packet.

Lam Research offers the AI capital-equipment story without the parabolic chart. The June quarter was a record at $6.72 billion of revenue with non-GAAP EPS of $1.82 beating $1.69 estimates, and the September-quarter guide of $8.1 billion plus or minus $400 million implies more than 20% sequential growth with 39.5% operating margin and EPS of $2.15. Lam raised its dividend 27% to $0.33 (record September 23) and committed more than $3 billion to global labs, and it carries $5.60 billion of cash with modest 0.30 debt-to-equity. The stock is up only 0.6% over the month and 18% above its 200-day, so recent gains have not outrun the guidance, and the CFO presents at Citi on September 9 and Goldman on September 10, which are near-term checkpoints on the ramp. Risks are cyclicality, insider selling and execution against an aggressive guide.

Lam Research offers the AI capital-equipment story without the parabolic chart. The June quarter was a record at $6.72 billion of revenue with non-GAAP EPS of $1.82 beating $1.69 estimates, and the September-quarter guide of $8.1 billion plus or minus $400 million implies more than 20% sequential growth with 39.5% operating margin and EPS of $2.15. Lam raised its dividend 27% to $0.33 (record September 23) and committed more than $3 billion to global labs, and it carries $5.60 billion of cash with modest 0.30 debt-to-equity. The stock is up only 0.6% over the month and 18% above its 200-day, so recent gains have not outrun the guidance, and the CFO presents at Citi on September 9 and Goldman on September 10, which are near-term checkpoints on the ramp. Risks are cyclicality, insider selling and execution against an aggressive guide.

Micron's numbers are extraordinary: fiscal Q3 revenue of $41.46 billion, up 74% sequentially, GAAP gross margin of 85%, non-GAAP EPS of $25.11, and Q4 guidance of $50 billion plus or minus $1 billion with roughly 86% gross margin and about $31 EPS. Sell-side support is fresh, with Bernstein holding a $1,300 target on September 4 and J. Safra Sarasin initiating with $1,500 on September 2, and the confirmed September 30 earnings date is a clear catalyst. The reviewer notes strong growth, excellent margins and very low debt. The caveats are real: the stock is 67.7% above its 200-day, insiders sold about $182 million over 90 days, Taiwan unions have threatened strike action, and memory has historically boomed and busted. I rank it below NVDA and LRCX because more of the good news is priced in, but the earnings power justifies ownership.

Micron's numbers are extraordinary: fiscal Q3 revenue of $41.46 billion, up 74% sequentially, GAAP gross margin of 85%, non-GAAP EPS of $25.11, and Q4 guidance of $50 billion plus or minus $1 billion with roughly 86% gross margin and about $31 EPS. Sell-side support is fresh, with Bernstein holding a $1,300 target on September 4 and J. Safra Sarasin initiating with $1,500 on September 2, and the confirmed September 30 earnings date is a clear catalyst. The reviewer notes strong growth, excellent margins and very low debt. The caveats are real: the stock is 67.7% above its 200-day, insiders sold about $182 million over 90 days, Taiwan unions have threatened strike action, and memory has historically boomed and busted. I rank it below NVDA and LRCX because more of the good news is priced in, but the earnings power justifies ownership.

Western Digital pairs storage-cycle strength with a still-reasonable chart. Fiscal Q4 revenue rose 44% year over year to $3.747 billion, non-GAAP gross margin hit 54.4%, non-GAAP EPS of $3.56 beat the $3.35 consensus, and free cash flow was $1.28 billion. Management guided Q1 to about $4.1 billion of revenue, roughly $4.00 EPS and 55-56% gross margins. The stock is 25.4% above its 200-day, far less extended than SNDK or MU, and management presents at Citi on September 9 with a $0.15 dividend record date September 8. Debt-to-equity is a low 0.12. The bears cite cyclical pricing risk and about $2.5 million of director selling, and the September 4 jump had no company-specific explanation, so some of the move is sector flow.

Western Digital pairs storage-cycle strength with a still-reasonable chart. Fiscal Q4 revenue rose 44% year over year to $3.747 billion, non-GAAP gross margin hit 54.4%, non-GAAP EPS of $3.56 beat the $3.35 consensus, and free cash flow was $1.28 billion. Management guided Q1 to about $4.1 billion of revenue, roughly $4.00 EPS and 55-56% gross margins. The stock is 25.4% above its 200-day, far less extended than SNDK or MU, and management presents at Citi on September 9 with a $0.15 dividend record date September 8. Debt-to-equity is a low 0.12. The bears cite cyclical pricing risk and about $2.5 million of director selling, and the September 4 jump had no company-specific explanation, so some of the move is sector flow.

Five Below is the best non-tech print in the packet. For the quarter ended August 1, sales rose 22.9% to $1.26 billion, comparable sales grew 14.1% on a 13.6% rise in transactions, and adjusted EPS of $1.68 crushed the $1.33-$1.40 consensus while the company added 52 net stores. Management raised fiscal 2026 guidance to $5.63-$5.71 billion of sales, guided Q3 EPS of $1.01-$1.13 versus roughly $0.86 consensus, and authorized a new $600 million buyback with zero debt on the balance sheet. Guggenheim and Telsey lifted targets to $290 and $305. Volume ran 1.64 times normal on the move. The GAAP EPS of $3.99 was inflated by $169.5 million of tariff refunds that will not repeat, and a value retailer is exposed to lower-income consumers, but the adjusted traffic-driven growth is genuine.

Five Below is the best non-tech print in the packet. For the quarter ended August 1, sales rose 22.9% to $1.26 billion, comparable sales grew 14.1% on a 13.6% rise in transactions, and adjusted EPS of $1.68 crushed the $1.33-$1.40 consensus while the company added 52 net stores. Management raised fiscal 2026 guidance to $5.63-$5.71 billion of sales, guided Q3 EPS of $1.01-$1.13 versus roughly $0.86 consensus, and authorized a new $600 million buyback with zero debt on the balance sheet. Guggenheim and Telsey lifted targets to $290 and $305. Volume ran 1.64 times normal on the move. The GAAP EPS of $3.99 was inflated by $169.5 million of tariff refunds that will not repeat, and a value retailer is exposed to lower-income consumers, but the adjusted traffic-driven growth is genuine.

Amphenol's -47.5% five-day and -51.5% one-month figures are an artifact of the two-for-one stock split that began trading September 3, not a collapse; the business posted record Q2 sales of about $8.8 billion, up roughly 55% year over year, with adjusted EPS of $1.35 up 67%, and guided Q3 to $9.3-$9.4 billion of sales and $1.40-$1.42 EPS. The reviewer sees excellent growth, a 25.4% margin and 0.26 debt-to-equity with no flags. The stock printed a split-adjusted low near $80.04 on September 3 despite these results, which reads as profit-taking and split-related volatility rather than fundamental damage, and it sits only 13.8% above its 200-day. Zacks upgraded it to Strong Buy, the $0.25 dividend goes ex September 22, and Q3 earnings are set for October 28. Risk is that AI interconnect demand normalizes and that sentiment has clearly been jumpy.

Amphenol's -47.5% five-day and -51.5% one-month figures are an artifact of the two-for-one stock split that began trading September 3, not a collapse; the business posted record Q2 sales of about $8.8 billion, up roughly 55% year over year, with adjusted EPS of $1.35 up 67%, and guided Q3 to $9.3-$9.4 billion of sales and $1.40-$1.42 EPS. The reviewer sees excellent growth, a 25.4% margin and 0.26 debt-to-equity with no flags. The stock printed a split-adjusted low near $80.04 on September 3 despite these results, which reads as profit-taking and split-related volatility rather than fundamental damage, and it sits only 13.8% above its 200-day. Zacks upgraded it to Strong Buy, the $0.25 dividend goes ex September 22, and Q3 earnings are set for October 28. Risk is that AI interconnect demand normalizes and that sentiment has clearly been jumpy.

Marvell is a way to own the AI custom-silicon and optical buildout at a discount to its own highs. The August 27 report showed record revenue of $2.739 billion, up 37% year over year, with EPS of $0.94 beating $0.93, and management raised its fiscal 2027-2028 revenue outlook. The stock is about 36% below its $329.88 all-time high after a post-results decline, and the October 6 Investor Day in New York is a defined catalyst where the Celestial AI acquisition and hyperscaler programs will be detailed. Growth is 42.1% with a 16.1% margin and 0.31 debt-to-equity. The bear case is hyperscaler concentration, gross-margin dilution from ASICs, TSMC dependence, and management's own comment that much of the Google-related payoff may not arrive until closer to 2029. The September 4 +7.0% rebound was sentiment-driven, so this is a volatile position.

Marvell is a way to own the AI custom-silicon and optical buildout at a discount to its own highs. The August 27 report showed record revenue of $2.739 billion, up 37% year over year, with EPS of $0.94 beating $0.93, and management raised its fiscal 2027-2028 revenue outlook. The stock is about 36% below its $329.88 all-time high after a post-results decline, and the October 6 Investor Day in New York is a defined catalyst where the Celestial AI acquisition and hyperscaler programs will be detailed. Growth is 42.1% with a 16.1% margin and 0.31 debt-to-equity. The bear case is hyperscaler concentration, gross-margin dilution from ASICs, TSMC dependence, and management's own comment that much of the Google-related payoff may not arrive until closer to 2029. The September 4 +7.0% rebound was sentiment-driven, so this is a volatile position.

Microsoft is the defensive AI holding in the list and it is on sale relative to its recent range. Fiscal Q4 revenue rose 18% to $90.0 billion, Azure and other cloud services grew 43%, Microsoft Cloud grew 27% to $59.3 billion, and commercial remaining performance obligations reached $678 billion, up 84%. September-quarter guidance calls for $89.85-$90.95 billion of revenue and 33-34% Intelligent Cloud growth. Stifel lifted its target to $530 on September 4 and the September 2 8-K introduced new reporting segments with recast history, which is noise rather than bad news. The stock slipped 2.7% over five days to around the $499 support level cited by TradingKey on a macro tape of rising yields, not a company event. Risks are capex above $50 billion in a single quarter pressuring margins, newspaper copyright suits, a CEO share sale, and a 38.6% margin that leaves little room for error at this valuation.

Microsoft is the defensive AI holding in the list and it is on sale relative to its recent range. Fiscal Q4 revenue rose 18% to $90.0 billion, Azure and other cloud services grew 43%, Microsoft Cloud grew 27% to $59.3 billion, and commercial remaining performance obligations reached $678 billion, up 84%. September-quarter guidance calls for $89.85-$90.95 billion of revenue and 33-34% Intelligent Cloud growth. Stifel lifted its target to $530 on September 4 and the September 2 8-K introduced new reporting segments with recast history, which is noise rather than bad news. The stock slipped 2.7% over five days to around the $499 support level cited by TradingKey on a macro tape of rising yields, not a company event. Risks are capex above $50 billion in a single quarter pressuring margins, newspaper copyright suits, a CEO share sale, and a 38.6% margin that leaves little room for error at this valuation.

Williams adds a steady, fee-based natural gas infrastructure name to balance the semiconductor exposure. Q2 adjusted EBITDA was $1.921 billion, up 6%, GAAP EPS of $0.68 rose 51%, and management raised 2026 EBITDA guidance by $200 million to $8.3-$8.5 billion while lifting the long-term EBITDA growth target to 11%-plus through 2030. The $5.5 billion Momentum Midstream acquisition closed September 3, adding more than 4,000 miles of Haynesville pipeline, 6 Bcf/d of gathering capacity and take-or-pay transport tied to LNG and power demand. The $0.525 dividend goes ex September 11. The stock is just 6.6% above its 200-day and the reviewer notes negligible leverage on the metric supplied. Risks include integration of the deal, added debt from the $3.5 billion cash-and-debt portion, and an adjusted EPS of $0.50 that missed one $0.52 consensus.

Williams adds a steady, fee-based natural gas infrastructure name to balance the semiconductor exposure. Q2 adjusted EBITDA was $1.921 billion, up 6%, GAAP EPS of $0.68 rose 51%, and management raised 2026 EBITDA guidance by $200 million to $8.3-$8.5 billion while lifting the long-term EBITDA growth target to 11%-plus through 2030. The $5.5 billion Momentum Midstream acquisition closed September 3, adding more than 4,000 miles of Haynesville pipeline, 6 Bcf/d of gathering capacity and take-or-pay transport tied to LNG and power demand. The $0.525 dividend goes ex September 11. The stock is just 6.6% above its 200-day and the reviewer notes negligible leverage on the metric supplied. Risks include integration of the deal, added debt from the $3.5 billion cash-and-debt portion, and an adjusted EPS of $0.50 that missed one $0.52 consensus.

AMD earns the last slot on the strength of its August 4 report and its debt-free balance sheet. Q2 revenue was $11.5 billion with 54% gross margin, $2.0 billion of operating income and $1.38 diluted EPS, data center revenue more than doubled, and management guided Q3 to about $13 billion plus or minus $300 million with roughly 56% non-GAAP gross margin. The August 31 Saudi AI infrastructure expansion with Cisco and HUMAIN and management appearances at Citi on September 8 and Goldman on September 11 offer near-term visibility. The stock is down 2.4% over the month while the group rallied, so it has lagged, but it is 40.1% above its 200-day and the reviewer's 10.7% operating margin is the thinnest among the chip names here. Gaming remains weak and no fresh company-specific catalyst was identified in the last five days, which is why it ranks last.

AMD earns the last slot on the strength of its August 4 report and its debt-free balance sheet. Q2 revenue was $11.5 billion with 54% gross margin, $2.0 billion of operating income and $1.38 diluted EPS, data center revenue more than doubled, and management guided Q3 to about $13 billion plus or minus $300 million with roughly 56% non-GAAP gross margin. The August 31 Saudi AI infrastructure expansion with Cisco and HUMAIN and management appearances at Citi on September 8 and Goldman on September 11 offer near-term visibility. The stock is down 2.4% over the month while the group rallied, so it has lagged, but it is 40.1% above its 200-day and the reviewer's 10.7% operating margin is the thinnest among the chip names here. Gaming remains weak and no fresh company-specific catalyst was identified in the last five days, which is why it ranks last.