Key takeaways
- The race for artificial intelligence dominance is shifting from experimental software to heavy-duty hardware.
- For the fiscal year ended Dec. 27, 2025, free cash flow was $6.7 billion, though stock-based compensation (SBC) represented 21.2% of operating cash flow.
- Note that stock-based compensation represented 33.8% of operating cash flow.
Advanced Micro Devices continues to expand its data center footprint through high-performance AI accelerators and strategic partnerships with software leaders. Marvell Technology specializes in critical data infrastructure and custom chips, benefiting from the rapid scaling of cloud computing networks.
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