Advanced Micro Devices, Inc. (AMD)
Is AMD emerging as a genuine Nvidia killer?
Chipmaker Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD), aka Nvidia Corp's distant competitor in the GPU space, is expected to soar more than 9% when Nasdaq trading commences on Wednesday. The bullish price action follows the Santa Clara-based fabless microchip maker's stronger-than-expected second-quarter earnings, where adjusted operating income knocked above market forecasts of $1.25 billion to touch $1.26 billion.
Analysts revise AMD stock price target after Q2 earnings
Recent trading sessions have seen billions in losses across the semiconductor sector, as many well-known chipmakers' stocks, including Advanced Micro Devices (NASDAQ: AMD), have fallen below their 50-day simple moving averages (SMAs) amid a broader bear market caused by sector rotation.
What Are the Hottest Tech Stocks Right Now? 3 Top Picks.
In recent months, tech stocks have consistently captured investors' attention as a result of explosive advancements in Artificial Intelligence (AI) and an ever-evolving semiconductor industry. These developments have ignited fierce growth and innovation across the sector, bringing numerous tech companies into the spotlight.
3 Reasons AMD Stock Still Makes a Solid AI Play
Advanced Micro Devices (NASDAQ: AMD ) is one of the key AI chip bets investors can make. The American chipmaker and AMD stock have been successful underdogs in the computing power space.
AMD jumps 9% in premarket trading as global chip stocks rally after earnings and geopolitics lift sector
Shares of global semiconductor firms rallied on Wednesday as they were boosted by some positive earnings in the sector and a report of potentially less severe U.S. export restrictions on China. AMD was among the big winners with shares up more than 9% in U.S. premarket trading after a strong second-quarter earnings report, while Samsung's was higher after a big jump in operating profit.
AMD Skyrockets Over 9%, Lifting Along With AI Rival Nvidia: What's Going On
Advanced Micro Devices, Inc. AMD shares were on a tear in premarket trading Wednesday after the chipmaker reported second-quarter results that exceeded expectations and guided running quarter's revenue above consensus.
Advanced Micro Devices, Inc. (AMD) Q2 2024 Earnings Call Transcript
Advanced Micro Devices, Inc. (NASDAQ:AMD ) Q2 2024 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Mitch Haws - VP, IR Lisa Su - Chair and CEO Jean Hu - EVP, CFO and Treasurer Conference Call Participants Ben Reitzes - Melius Research Aaron Rakers - Wells Fargo Timothy Arcuri - UBS Ross Seymore - Deutsche Bank Matt Ramsey - TD Cowen Vivek Arya - Bank of America Securities Joe Moore - Morgan Stanley Toshiya Hari - Goldman Sachs Stacy Rasgon - Bernstein Research Harsh Kumar - Piper Sandler Blayne Curtis - Jefferies Tom O'Malley - Barclays Chris Danely - Citi Operator Greetings, and welcome to the AMD Second Quarter 2024 Conference Call. At this time, all participants are in a listen-only mode.
Advanced Micro (AMD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Advanced Micro (AMD) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
AMD Stock Surges on Record Data Center Revenue
Advanced Micro Devices (AMD) reported second-quarter sales that beat analysts' expectations, driven by record revenue from its data center segment.
Advanced Micro Devices (AMD) Q2 Earnings and Revenues Top Estimates
Advanced Micro Devices (AMD) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.58 per share a year ago.
AMD Regains Its Footing With Solid Q2 Report
Advanced Micro Devices, Inc. reported solid Q2 beats for its top and bottom lines on Tuesday. The company was guided to strong revenue growth for Q3 that was more than analysts were looking for. Even with shares dropping considerably from their highs, the valuation here isn't entirely appetizing just yet.
AMD's Q2 revenue grows 9% to $5.8B, beating analyst expectations
Advanced Micro Devices report that its revenues for the second quarter were $5.8 billion, up 9% from a year ago and above analyst expectations.
