[5/7 00:00] AMD blowout earnings spark AI chip rally, S&P and Nasdaq hit records / Zillow Q1 revenue up 18 percent, AI strategy delivering tangible gains

AI News Flash for May 07, 2026 at 00:00 UTC. Topics: 1. AMD blowout earnings spark AI chip rally, S&P and Nasdaq hit records https://eu.detroitnews.com/story/business/2026/05/06/sp-500-and-nasdaq-hit-records-amd-results-spark-ai-stock-rally/89961623007/ 2. Zillow Q1 revenue up 18 percent, AI strategy delivering tangible gains https://www.geekwire.com/2026/zillow-group-leans-into-ai-as-revenue-climbs-18-in-flat-housing-market/ 3. Colorado AI healthcare guardrail bill HB26-1195 passes committee https://www.senatedems.co/newsroom/legislation-to-establish-guardrails-for-ai-in-healthcare-passes-committee 4. Spencer Pratt LA mayoral campaign AI-generated video goes viral https://www.nbcnews.com/video/ai-video-supporting-spencer-pratt-s-l-a-mayoral-campaign-goes-viral-262877765550