Advanced Micro Devices will sell more artificial-intelligence chips than expected this year, says Susquehanna.
Beyond analysts' top -and-bottom-line estimates for Advanced Micro (AMD), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
It has been over a year since the generative artificial intelligence craze took off, triggering a spike in the share prices of semiconductor companies whose GPUs feed into that market. The most prominent players have been Advanced Micro Devices Inc. (AMD, Financial) and Nvidia Corp. (NVDA, Financial), with the former being my focus in this analysis.
A trio of microchip earnings next week will provide a comprehensive overview of the current state of global chipmaking demand at a time when artificial intelligence applications are supercharging the thirst for compute. Nasdaq-listed, SoftBank-owned, British smartphone microchip monopolist Arm Holdings PLC (NASDAQ:ARM) will deliver an earnings beat between 5% and 7% above Street consensus, predicts Goldman.
Advanced Micro Devices, Inc. reports earnings on Tuesday, July 30. In this article, I discuss the major AI-related items that investors should watch closely. I maintain a hold rating for AMD stock.
Advanced Micro Devices (AMD) is set to report second-quarter earnings after the bell Tuesday, with investors likely watching for record data center growth and strong guidance amid the artificial intelligence (AI) boom.
Artificial intelligence (AI) has been the dominant theme of 2024, with companies across the board spending billions of dollars in order to advance their respective offerings. One Congressman believes that there is still upside remaining for the AI boom, as evidenced by his recent purchases.
AMD stock is scheduled to report Q2 earnings next Tuesday. The market expects profit margin expansion for AMD, but competition pressure and inventory concerns may lead to disappointment in Q2. Looking further out, I consider the market's margin expectations to become even more disconnected from the competition landscape in the next few years.
When it comes to choosing AI chip names, Advanced Micro Devices (NASDAQ: AMD ) stock isn't often the first pick that comes to mind. Most investor attention is rightly focused on Nvidia (NASDAQ: NVDA ), given the company's position as the leading semiconductor stock in the high-performance computing space.
Advanced Micro Devices stock (NASDAQ: AMD) is expected to publish its Q2 FY'24 results toward the end of July, reporting on a quarter that is likely to see the company benefit from an improving PC market and higher demand for artificial intelligence chips. We expect AMD revenues to come in at $5.73 billion, marking an increase of 7% compared to last year, while earnings are likely to come in at about 0.68 per share, slightly ahead of consensus estimates, and 17% year-over-year.
In the closing of the recent trading day, Advanced Micro Devices (AMD) stood at $154, denoting a -1.2% change from the preceding trading day.
Advanced Micro (AMD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.