Advanced Micro Devices (AMD) reported first-quarter revenue of $7.44 billion, surpassing analyst estimates of $7.12 billion, and earnings per share of $0.96, above the expected $0.93. EBIT for the quarter was $1.78 billion, compared to the $1.71 billion estimate. Net income reached $709 million. The company also issued second-quarter sales guidance of $7.4 billion, ahead of the $7.24 billion consensus, despite projecting a $700 million China headwind and a potential $1.5 billion tariff impact for fiscal 2025. AMD's data center segment saw revenue surge 57% year-over-year to $3.7 billion, driven by strong demand for EPYC CPUs and Instinct GPUs, with AI GPU sales exceeding $5 billion in fiscal 2024. The client and gaming segment generated $2.9 billion, up 28% from a year earlier, though console chip sales were down 30%. Bank of America upgraded AMD's rating to 'Buy' from 'Neutral' and raised its price target to $120, citing the company's Q1 performance and strong Q2 sales outlook. AMD, along with GlobalFoundries and Cirrus Logic, is navigating macroeconomic challenges and U.S. tariffs, but all three chipmakers posted solid earnings and guidance. GlobalFoundries reported first-quarter revenue of $1.59 billion, net income of $211 million, and EPS of $0.34, all ahead of estimates. Cirrus Logic posted fourth-quarter revenue of $424.5 million and EPS of $1.67. Affirm Holdings reported third-quarter revenue of $783 million, a 36% year-over-year increase, matching analyst expectations. EBIT for the quarter was -$8 million, better than the estimated -$34 million. EPS was $0.01, above the expected loss of $0.02. Gross merchandise volume (GMV) rose 36% to $8.6 billion, and the company achieved net income of $2.8 million, compared to a loss a year earlier. Despite the strong quarter, Affirm's guidance for the current quarter fell short of estimates, with projected revenue between $815 million and $845 million, midpoint $830 million, below the $842 million average estimate. The stock fell between 8% and 10% in after-hours trading following the announcement. Affirm's active consumer base grew to 22 million, including 2 million new users. The Affirm Card GMV rose 115% from a year earlier, and the number of active cardholders more than doubled. The company also saw a 44% increase in 0% APR loans. Affirm reported stable credit quality, with losses below 1% in its core offering, and continues to expand partnerships with Apple, Amazon, and Shopify. Affirm reiterated its commitment to achieving GAAP profitability by the end of fiscal 2025.