AMD earnings test the AI trade as Americans head to the polls: Market Coverage (4 p.m. - 5 p.m. ET)

AMD beat on revenue and earnings as data center sales grew 97%, and the stock jumped after hours on a stronger-than-expected outlook. Chip stocks bounced back and the Nasdaq rose as Americans headed to the polls for the midterms. Jake Conley and Jared Blikre break down the close and what post-election seasonality could mean for stocks. Piper Sandler's Michael Kantrowitz explains why he thinks peak speculation in the AI trade is behind us, and Moor Insights & Strategy's Patrick Moorhead reacts to AMD's results and the growing demand for CPUs from AI agents. Evercore ISI's Matthew Aks walks through the races to watch tonight and what they could mean for the data center build-out. Plus, Baked by Melissa's Melissa Ben-Ishay on launching home baking kits at Target. Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton. 00:00 Closing bell: chip stocks bounce back 02:36 Are chips out of the woods? 04:11 What seasonality says after the midterms 05:34 Michael Kantrowitz: Has the AI beta bubble burst? 08:26 The high bar for Big Tech earnings 11:12 The AI return-on-investment question 13:17 The midterms and the tech trade 18:07 AMD earnings with Patrick Moorhead 19:39 A data center company with a PC business 22:22 AI agents and CPU demand 23:40 The risks for AMD 26:07 Tradespeople, data centers and the election 31:03 Evercore ISI's Matthew Aks on the midterms 32:25 Data centers on the ballot 35:22 Bringing 2028 policy risk forward 36:47 What a Democratic Congress could pass 41:45 Baked by Melissa heads to Target 50:15 What to watch Wednesday #amd #midterms #stockmarket == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571