Advanced Micro Devices, Inc. (AMD)
AMD forecasts Q3 revenue above estimates on strong AI chip demand
Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) reported stronger-than-expected second-quarter earnings, driven by robust demand for its artificial intelligence (AI) chips. The company's positive performance led to a forecast of third-quarter revenue that exceeds analyst expectations.
AMD Beats Q2 Targets On Record Data Center Sales
Chipmaker AMD beat analyst estimates for the second quarter thanks to record sales of processors for data centers.
AMD says data center sales more than doubled in a year
Advanced Micro Devices reported second-quarter earnings on Tuesday. Investors want to see AMD take market share away from its longtime rival Nvidia with its MI300X AI chip and signal growth in its data center AI business.
AMD forecasts third-quarter revenue above estimates on AI chip demand
Advanced Micro Devices forecast third-quarter revenue above market estimates on Tuesday, banking on demand for its artificial intelligence chips staying strong.
AMD investors anticipate key updates on new GPU line ahead of Q2 earnings
AMD is set to announce its Q2 earnings but investors are eagerly waiting for an update on MI325 and MI 350 GPUs.
AMD Q2 Report Looms As Nvidia Rival Struggles With Key Headwinds: Will 'Overcorrected' Stock Vindicate Itself?
Advanced Micro Devices, Inc.'s AMD quarterly report assumes importance as it will likely give a foretaste of how artificial intelligence-related spending panned out during the quarter. The Santa Clara, California-based chipmaker is due to announce its results after the market close Tuesday.
Down 40% In 4 Months, Is AMD Stock A Buy Ahead Of Earnings?
Advanced Micro Devices, Inc. stock has tumbled by nearly 40% since March, underperforming industry peers and the broader stock market. I upgraded AMD to a “Hold/Neutral” rating in early-May due to positive trends in its Data Center business and significant valuation moderation. However, AMD is still running ahead of business fundamentals, and the 5-year expected CAGR return is unattractive heading into AMD's Q2 report, which is set to be released later tonight.
AMD's AI Chip Guidance Means More Than Earnings
Shareholders will focus on the chip maker's guidance for artificial-intelligence-chip revenue when the company reports second-quarter earnings after the close.
AMD Stock Could Pop After Its Q2 Earnings Report on Tuesday
Chip designer Advanced Micro Devices (NASDAQ: AMD ) reports second-quarter (Q2) earnings on July 30 and the stock could move higher as a result. Expectations are lofty heading into the Q2 print.
AMD's Secret Weapon In AI
Advanced Micro Devices, Inc.'s RSI at 40.32 signals it's neither overbought nor oversold, while a downward volume trend suggests weakening. Trading at around $140, the average target is $160. Analysts project Q2 revenue of $5.74 billion, up 7% YoY, with significant growth in the data center segment and AI chip market. AMD's data center revenue hit a record $2.3 billion, driven by AI chips, and is set to grow further with AI-driven PC upgrades.
AMD Is About To Accelerate Their Growth Strategy (Earnings Preview)
Advanced Micro Devices, Inc. is expanding production of their MI300X series GPUs, with the MI325 & MI350 in line to be released in 2025 and the MI400 in 2026. General compute CPUs are set for a strong recovery as signaled by the IT infrastructure companies. This will accelerate growth in tandem with AI infrastructure adoption. AMD's leadership in inferencing can bleed into training with their release of the MI350 series GPU, as it is expected to outperform the Blackwell 200 series GPU.
As AMD earnings near, this is the number that matters most
The key number when Advanced Micro Devices Inc. posts earnings Tuesday afternoon likely won't be in its earnings report.
