European Union antitrust regulators will decide by March 12 whether to clear U.S. chipmaker AMD's $4.9 billion bid for server maker ZT Systems, a European Commission filing showed on Wednesday.
U.S. stock futures were lower this morning, with the Nasdaq futures falling over 150 points on Wednesday.
Nvidia was gaining after Google's parent updated on its AI spending plans.
AMD's Q4 results show strong growth, with a 69% YoY increase in data center revenue and stable client segment performance, justifying my "Strong Buy" rating. Despite a 9% after-hours dip, I believe trading algorithms caused the sell-off, not AMD's fundamentals, which remain strong with promising AI and data center growth. Management's guidance for 2025 includes a 30% YoY sales increase and strong AI processor demand. The growth should be massive, in my view.
Shares in Advanced Micro Devices dropped almost 9% in Europe on Wednesday after the company's chief executive forecast a decline in data centre sales - a proxy for the chipmaker's revenue from the artificial intelligence sector.
Advanced Micro Devices Inc (NASDAQ: AMD) is taking a hit in after-hours on Tuesday despite reporting market-beating financial results for its fiscal fourth quarter. Investors are responding primarily to a 69% year-on-year increase in the company's data centre sales to $3.86 billion, which fell short of $4.14 billion that analysts had forecast.
Advanced Micro Devices (AMD) topped Wall Street's fourth-quarter profit and revenue expectations but posted data center sales below estimates, sending the chipmaker's shares tumbling in extended trading on Tuesday.
AMD did not break out a specific revenue number or forecast for its AI chips, a move that is bothering investors.
Advanced Micro Devices (AMD) posted fourth-quarter revenue and adjusted earnings that beat expectations, but data center sales came up short.
Advanced Micro Devices, Inc. (NASDAQ:AMD ) Q4 2024 Earnings Conference Call February 4, 2025 5:00 PM ET Company Participants Matt Ramsey - IR Lisa Su - Chair and CEO Jean Hu - EVP, CFO and Treasurer Conference Call Participants Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Vivek Arya - Bank of America Securities Joshua Buchalter - TD Cowen & Company Harlan Sur - JPMorgan Blayne Curtis - Jefferies Stacy Rasgon - Bernstein Research Toshiya Hari - Goldman Sachs Operator Greetings, and welcome to the AMD Fourth Quarter and Full Year 2024 Conference Call. At this time all participants are in a listen-only mode.
Advanced Micro Devices, Inc. is growing fast and trades below fair value. Reported strong results on Tuesday afternoon. The company did especially well in the data center market. Its Q4 earnings are growing fast while the valuation is low.
Google parent Alphabet (GOOGL) posted beats on both top and bottom lines after today's close.