Fast Money Blog- 5/8/26
What a week on Wall Street for tech!
Why did your favorite tech stocks rise significantly over the past 7 trading days? Keep reading and I’ll explain.
As I reported in last week’s Fast Money Blog, Amazon.com, Inc. (AMZN) and Alphabet, Inc. (GOOG) delivered outstanding earnings. As of now, this shows their massive investments in AI infrastructure are driving profit in a meaningful way.
Let’s Look at Amazon Again
Think Amazon’s online retail business makes them the most profit? Think again.
Amazon Web Services, the company’s cloud-computing division, is their most profitable division. Its Q1 2026 revenue climbed to $37.6 billion, up 28% year-over-year, the fastest growth in almost four years.
Amazon is also using AI to improve its retail and logistics operations, leading to improved operating margins.
What About Google?
Let me remind you that revenue for Google’s Cloud surged 63% to $20 billion. This growth was driven by businesses using Gemini and AI infrastructure.
Google has also seen a 19% increase in its ad revenue through AI-powered search experiences.
It’s worthy to note that both Amazon and Google are making their own custom AI chips, saving them from having to depend on Nvidia’s more expensive chips.
So, Tyrone, how about AMD’s Q1 2026 Earnings Report?
Let’s take a peek!
On Tuesday, May 5th, Advanced Micro Devices, Inc. (AMD) released outstanding Q1 2026 earnings.
Top-line quarterly revenue came in at $10.3 billion, a record high, up 38% year over year. Accelerating demand for AI infrastructure has made AMD’s Data Center the primary driver of the company’s revenue and earnings growth
Q1 Revenue broke down like this:
AMD’s Data Center segment, which includes GPU’s, AI chips and data processors, brought in $5.8 billion, up 57% year-over-year.
AMD’s Client and Gaming segment, which includes chips for consumer devices such as laptops, gaming PCs and game consoles, rose 23% year-over-year to $3.6 billion for the quarter.
AMD also had a return to growth in their Embedded segment which rose 6% year-over-year to $873 million for the quarter. This is the segment that addresses the computer processing needs of industries such as automotive, industrial and medical, by delivering components with a long lifecycle and support.
Looking ahead, the company provided strong guidance for Q2. Over the past 5 trading days, AMD stock is up over 24%.
Based on the earnings reports we’ve seen so far, in the next 24 months there will be a lot of Wall Street money made from the AI economy.
However, there will also be a lot of money lost and I don’t want that to happen to you.
I want you to be among my most successful students. Continue to follow the Wealthy Investor program and you will profit big!
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Your favorite wealth coach,
Tyrone Jackson
The Wealthy Investor