AMD results put AI spending boom under the microscope Proactive uses images sourced from ShutterstockResults land on Tuesday after-hours with data centre revenue expected to double and the sector in retreatAdvanced Micro Devices Inc's (NASDAQ:AMD, XETRA:AMD) second-quarter print is the official set-piece since a sharp reversal in sentiment towards semiconductor stocks. AMD shares closed at $476.15 on Friday, having been quoted above $550 a fortnight ago, though they remain up sharply over the past year. Rising memory prices are squeezing the PC market, a headwind for both AMD and Intel in the coming quarters. AMD has commitments from OpenAI for up to six gigawatts of capacity and from Anthropic for up to two, alongside deployments at Microsoft. The constraint is HBM4 memory, the scarcest component in the AI supply chain, and one AMD does not control.