AMD Lands $5B Anthropic Deal; ServiceNow Surges on Earnings

Advanced Micro Devices ($AMD) announced a significant partnership with Anthropic, with the AI company selecting AMD Helios for 2GW GPU AI infrastructure. As part of the agreement, $AMD has committed to a strategic equity investment of up to $5 billion in Anthropic, marking a major deepening of financial ties with the Claude developer. The deal gives $AMD a major AI customer while strengthening its position in the enterprise AI infrastructure market.

NVIDIA ($NVDA) continues to demonstrate exceptional financial performance, passing rigorous quality investing screens with 32% revenue growth and 125% return on invested capital. The company maintains minimal debt and strong cash flow, exemplifying long-term compounding potential in the AI chip market. Qualcomm ($QCOM) also attracted attention, meeting growth-at-a-reasonable-price criteria with 23.54% earnings growth and a PEG ratio of 0.63.

Intel Corporation ($INTC) reports second-quarter financial results after market close, with investors focused on whether the company has eased supply constraints that limited first-quarter revenue. CEO Lip-Bu Tan previously stated that demand continued to outpace supply across Intel's businesses, particularly for Xeon server CPUs. Memory makers including Micron and SanDisk have seen stocks advance this year due to the artificial intelligence boom.

ServiceNow ($NOW) shares rallied 4.6% in after-hours trading following a second-quarter earnings beat and raised full-year guidance, driven by strong AI-driven demand and record large deal activity. The company announced that Experian, the global data and technology company and strategic partner, is significantly expanding its deployment of the ServiceNow AI Platform to drive enterprise-wide AI-led transformation. Despite the post-earnings surge, $NOW has faced recent pressure with a one-month share price return of 7.39% contrasting with a year-to-date decline of 30.78% and a one-year total shareholder return decline of 46.97%.

Third-party automation tools continue to integrate deeply into $NOW workflows, with Ciroos becoming the first AI SRE platform certified and listed on the ServiceNow Store. Alphabet ($GOOGL) is seeing Google Cloud emerge as a new profit engine, delivering a rare combination of faster growth and wider profitability simultaneously. Companies such as Anthropic and OpenAI are moving deeper into financial services, with their models increasingly shaping how banks operate, make decisions, and serve customers.

Datadog ($DDOG) has returned 122.1% over the past three years, bringing current valuation under closer scrutiny. The company's discounted cash flow intrinsic value estimate now sits close to the market price of $245.77 per share, while traditional multiples appear expensive after a long stretch of strong performance.

Airbnb ($ABNB) disclosed that Chief Strategy Officer Nathan Blecharczyk disposed of 17,692 shares worth $2.6 million through a pre-arranged trading plan, reducing his indirect equity stake by 59% while maintaining substantial beneficial ownership. The company is cited among cash-heavy stocks, with a clean balance sheet signaling disciplined management and stability that allows expansion without relying on borrowed capital.

Meta Platforms ($META) continues to face comparison with Reddit in the social media space, with Reddit growing faster though questions remain about how long its revenue growth can sustain current rates. $GOOGL faces earnings expectations with options strategists analyzing positioning ahead of results.