AMD(US:AMD) Benzinga·2026-02-03 10:08Group 1: Semiconductor Sector Overview - The PHLX Semiconductor Sector index increased by 10.14% year-to-date, indicating a strong performance in the semiconductor industry, reinforcing Cantor Fitzgerald's view that the sector is a must-own [1] - Cantor's analyst C.J. Muse is evaluating the outlook for major chip stocks including Advanced Micro Devices (AMD), Qualcomm (QCOM), and Microchip Technology (MCHP) ahead of their earnings results [1] Group 2: Advanced Micro Devices (AMD) - AMD is expected to outperform in Q4, with Benzinga's Edge Rankings placing it in the 92nd percentile for momentum and 86th for quality, reflecting its strong performance [2] - Over the past year, AMD stock surged by 115.52%, closing at $246.27 after a 4.03% increase on Monday [2] Group 3: Qualcomm (QCOM) - QCOM's outlook for 2026 may weaken, with Benzinga's Edge Rankings placing it in the 58th percentile for quality and 19th for momentum, indicating mixed performance [3] - Over the past year, QCOM stock declined by 10.34%, closing at $152.63 after a 0.69% increase on Monday [3] Group 4: Microchip Technology (MCHP) - Microchip is expected to modestly beat earnings and guidance, supported by two positive pre-announcements and performance above seasonal trends, making it a preferred analog stock play [4] - In early January, Microchip raised its fiscal Q3 2026 revenue outlook to approximately $1.185 billion, exceeding its previous guidance of $1.109–$1.149 billion [5] - Over the past year, Microchip stock climbed by 49.41%, closing at $78.08 after a 2.85% increase on Monday [6] Group 5: Intel and Micron Performance - Intel reported fourth-quarter revenue of $13.67 billion, surpassing Wall Street expectations of $13.37 billion, with adjusted earnings of 15 cents per share, exceeding the consensus of eight cents [7]