Advanced Micro Devices, Inc. (AMD)
AMD Expects to Go Head to Head With Nvidia. So, Why Did the Stock Drop After Earnings?
AMD now expects AI GPU revenue to exceed $5 billion in 2024.
AMD shares slump as forecast disappoints AI-focused investors
Advanced Micro Devices shares fell 8% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from the AI boom.
AMD Stock Price Levels to Watch After Post-Earnings Plunge
Advanced Micro Devices (AMD) shares moved sharply lower in extended trading on Tuesday after the chipmaker reported third-quarter earnings that came in below expectations and issued a light current quarter revenue outlook, despite record data center revenue.
Can AMD catch up to Nvidia in the race for AI chip dominance?
Advanced Micro Devices Inc. (AMD) saw its shares tumble more than 7% in after-hours trading on Tuesday. The drop came as the semiconductor giant reported revenue projections that fell slightly short of market expectations, despite an uptick in AI chip sales.
AMD Q3 Shows Robust Ramp Of Instinct GPU And EPYC CPU Shipments, Maintain Buy
AMD delivered record revenue in its data center business in Q3, increasing by 122% year-over-year and 25% sequentially. The strong data center growth was primarily driven by the robust ramp of Instinct GPU shipments and EPYC CPU sales. AMD's MI325X and MI355X aim to outperform Nvidia's H200, with MI325X offering 1.8x more memory capacity and 1.3x more bandwidth.
AMD could still be a sleeper against Nvidia, but Wall Street isn't yet convinced
Advanced Micro Devices Inc. executives made some bold statements about the company's underdog AI accelerator chip Tuesday, and said it is ready to take the spoils from rival Nvidia Corp.
Advanced Micro Devices, Inc. (AMD) Q3 2024 Earnings Call Transcript
Advanced Micro Devices, Inc. (NASDAQ:AMD ) Q3 2024 Results Conference Call October 29, 2024 5:00 PM ET Company Participants Mitch Haws - Vice President of Investor Relations Dr. Lisa Su - Chair and Chief Executive Officer Jean Hu - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Toshiya Hari - Goldman Sachs Aaron Rakers - Wells Fargo Ross Seymore - Deutsche Bank Ben Reitzes - Melius Research Joshua Buchalter - TD Cowen & Company Timothy Arcuri - UBS Joe Moore - Morgan Stanley Vivek Arya - Bank of America Securities Harlan Sur - JPMorgan Stacy Rasgon - Bernstein Research Harsh Kumar - Piper Sandler Thomas O'Malley - Barclays Operator Greetings, and welcome to the AMD Third Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, Advanced Micro (AMD) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Advanced Micro (AMD) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Advanced Micro Devices (AMD) Q3 Earnings and Revenues Surpass Estimates
Advanced Micro Devices (AMD) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.70 per share a year ago.
Why AMD Stock Surged Today
A new report about OpenAI's hardware strategy just powered significant gains for AMD stock.
AMD Delivers Mixed Q3 Results, Light Guidance; Stock Sinks
AMD matched Wall Street's earnings target for the third quarter on better-than-expected sales. But its guidance was light.
The Takeaways From AMD's Lackluster Revenue Forecast
Matt Bryson, Wedbush Securities managing director and equity research analyst, reacts to Advanced Micro Devices' earnings report on "Bloomberg The Close." AMD said revenue will be roughly $7.5 billion in the fourth quarter, the company said.
