Monolithic Power Systems (MPWR) has forecasted third-quarter revenue between $590 million and $610 million, surpassing analysts' expectations of $548 million. The company reported second-quarter revenue of $507 million, exceeding the consensus estimate of $491 million, with its Enterprise Data segment generating $187 million compared to the anticipated $170 million. Meanwhile, Advanced Micro Devices (AMD) is set to report its second-quarter earnings, with analysts predicting earnings per share of $0.68 on revenue of $5.7 billion. AMD's performance is being closely monitored as it faces significant competition in the AI chip market, particularly from Nvidia, which is ramping up its AI product offerings. The contrasting market reactions to Microsoft and AMD's results highlight the divergent fortunes within the AI sector, with traders expressing disappointment over Microsoft's AI software sales while showing optimism regarding AMD's chip sales.