"AMD's Earnings Impact on Stock and Market Share in AI Chips"
TL;DR Summary
Advanced Micro Devices Inc. stock dipped in after-hours trading as the company's first-quarter revenue outlook fell short of analyst expectations, with a forecast of $5.4 billion compared to the projected $5.7 billion. Despite a strong fourth-quarter performance, including growth in data-center and client revenue, AMD's stock took a hit following Intel's disappointing outlook the previous week. Analysts are closely watching for commentary on AMD's MI300 accelerator for artificial-intelligence applications during the earnings call.
Topics:business#amd#data-center-business#earnings-report#financestock-market#revenue-forecast#stock-market
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- AMD Is Taking on Nvidia in AI Chips. Here's the Market Share It's Expected to Take. Barron's
- AMD Gives Sluggish Forecast as Computer Chip Demand Remains Slow Bloomberg
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