Bullish expectations for AMD's AI revenue came down sharply over the course of this year. Some analysts say early estimates for 2025 are already too high.
Advanced Micro Devices, Inc. (NASDAQ: AMD) is set to release its Q3 2024 earnings on October 29, sparking high anticipation among investors.
Advanced Micro Devices, Inc. stock remains a Strong Sell despite a 6% price drop since my last call, with significant reaction expected to Q3 earnings on October 29. AMD's new AI products, including Turin EPYC CPUs and Instinct MI325x AI accelerator, failed to excite investors, leading to a stock price decline. AMD's inventory has grown to nearly $5 billion, representing 21% of TTM revenue, a concerning level compared to Nvidia's 7% ratio.
Advanced Micro Devices (AMD) will report third-quarter financial results after the closing bell Tuesday, with analysts calling for significant earnings growth.
Next week, as the technology sector earnings reporting season begins in full force, the results from two rival chip makers, Intel Corp. and Advanced Micro Devices Inc., will give investors data on how another important trend beyond artificial intelligence has shifted.
AMD's Q3 2024 results are likely to be hurt by weakness in the Embedded and Gaming segments, offset by strong Data Center and Client growth.
While it would be unfair to say that technology stocks have recently become the hottest sector in the market, they have certainly entered a new phase of growth and prominence since late 2022.
Despite being a mainstay of the semiconductor industry and a giant in the sector, Advanced Micro Devices (NASDAQ: AMD) has mostly been overshadowed by its much larger competitor, Nvidia (NASDAQ: NVDA).
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Advanced Micro (AMD), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
The 10-year Treasury yield's climb to five-month highs is weighing on chip stocks today.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Semiconductor stocks for your October 2024 watchlist.