AMD beats earnings. stock is still falling.
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AMD ( AMD) is set to report fourth-quarter earnings on Tuesday, and investors will watch out for the company’s data center business expansion, as competition in the artificial intelligence space intensifies, along with updates on the production timeline for MI455 and customer engagement for MI355.
Advanced Micro Devices reported record fourth-quarter revenue of $10.27 billion and crushed profit expectations, yet investors punished the AMD stock with a 9% premarket plunge on Wednesday. The investors reacted sharply as the management’s Q1 guidance of $9.
Advanced Micro Devices (AMD) stock rallied on Monday alongside additional reports that the chip company plans to increase the price of its graphics processing units (GPUs). According to these reports, AMD will hike the price of its GPUs by at least 10%.
Data Center revenues surged 39% YoY to $5.38B, now over half of Advanced Micro Devices' total. Read why AMD stock is a Strong Buy.
These chip designers have been great investment options.
Advanced Micro Devices (NASDAQ: AMD) stock has already risen by more than 105% over the last year of trading. With the company's market capitalization sitting at $407 billion, the semiconductor specialist is valued at approximately 11.8 times this year's expected sales and 36 times expected earnings.
Advanced Micro Devices (AMD) stock has rallied more than 77% year-to-date, driven by the chipmaker’s strong fundamentals and optimism about the demand for its artificial intelligence (AI) graphics processing units. However, shares have pulled back more ...
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