TLDRAMD stock falls 3.92% to $620.52 despite reporting record quarterly revenue growth.AMD’s data center revenue surges 107% annually to $6.7 billion on strong AI demand.Global AI spending could reach $2.59 trillion in 2026, according to Gartner forecasts.Microsoft reports $90 billion in quarterly revenue as Azure cloud growth hits 43%.Broadcom’s AI semiconductor revenue jumps 221% as demand for computing expands.Advanced Micro Devices (AMD) stock fell 3.92% to $620.52 during intraday trading, losing $25.34 despite strong quarterly results. The decline followed an afternoon selloff that pushed shares toward session lows before a modest recovery. Meanwhile, rising artificial intelligence infrastructure spending continues to support demand for advanced processors and data center equipment.Advanced Micro Devices, Inc., AMDAMD Reports Record Revenue as Data Center Sales DoubleAMD reported second-quarter 2026 revenue of $11.5 billion, representing a 50% increase from the previous year. The company recorded strong demand for computing products as technology firms expanded their artificial intelligence operations. However, the positive financial performance failed to prevent Thursday’s decline in AMD shares.The company’s Data Center segment generated $6.7 billion in revenue, marking a 107% annual increase. This growth reflected higher demand for processors and computing systems that support artificial intelligence workloads. Consequently, data center operations remained a major contributor to AMD’s quarterly financial performance.AMD also projected third-quarter revenue of approximately $13 billion, with a possible variation of $300 million. The forecast followed record quarterly revenue and profitability as the company expanded its presence in data center computing. Meanwhile, growing infrastructure investment continued to create opportunities for semiconductor manufacturers supplying advanced computing equipment.Global AI Infrastructure Spending Supports Chip DemandGartner forecasts worldwide artificial intelligence spending will reach $2.59 trillion in 2026, increasing 47% from $1.76 trillion in 2025. The research firm also expects global spending to climb further to $3.49 trillion in 2027. These projections reflect expanding technology budgets across cloud computing, enterprise software, and data center infrastructure.AI infrastructure accounts for $1.43 trillion of projected spending this year, representing more than 45% of total expenditure. Large technology companies continue building computing facilities to train models and operate artificial intelligence services. As a result, demand continues growing for processors, networking systems, and specialized computing equipment.Technology stocks also benefited from spending growth earlier this year, supporting gains across major market indexes. The Nasdaq Composite has advanced approximately 17% during 2026, reflecting strength across the broader technology sector. However, AMD’s latest decline showed that strong industry demand does not prevent individual semiconductor stocks from falling.Microsoft, Meta, and Broadcom Expand AI SpendingMicrosoft reported fiscal fourth-quarter 2026 revenue of $90 billion, representing an 18% increase from the previous year. Its cloud business generated $59.3 billion, while Azure and related cloud services recorded 43% revenue growth. Microsoft also surpassed $100 billion in annual Azure revenue as demand for cloud computing services expanded.Meta Platforms reported second-quarter revenue of $60.80 billion, increasing 28% compared with the previous year. The company recorded $31.08 billion in quarterly capital expenditures and outlined substantial infrastructure investment plans. Meta expects full-year capital spending between $130 billion and $145 billion to support its technology expansion.Broadcom reported fiscal third-quarter revenue of $29.6 billion, reflecting an 86% annual increase. Its artificial intelligence semiconductor business generated $16.7 billion, representing 221% growth from the previous year. Broadcom also projected fourth-quarter revenue of $34.8 billion, including $21.7 billion from artificial intelligence semiconductors. The post AMD (AMD) Stock: Drops Despite Record Revenue and Surging AI Data Center Demand appeared first on Blockonomi.