Why AMD (AMD) rose 9.23% on August 4, 2026

AMD (AMD) rose 9.23% on August 4, 2026 — Wall Street prediction markets favor earnings beat.

Prediction markets are pricing in an AMD earnings beat ahead of Lisa Su's earnings report, signaling trader confidence in the company's Q2 results.

A beat—especially one backed by strong data-center AI revenue and positive guidance on share gains—can trigger multiple expansion as it confirms AMD's ability to capture demand from hyperscaler GPU deployments.

AMD sits at the heart of the AI Compute supercycle, but the thesis faces a critical inflection: GPU buildouts had sustained demand for months, yet hyperscalers are now pacing deployments and new use-cases must reignite…

If guidance disappoints or signals a slower AI GPU ramp ahead, the beat loses its cushion and the stock could reverse sharply—the market is pricing in sustained momentum, not just one quarter.