AMD, Super Micro tumble as earnings fall short of lofty AI expectations

📆 2024-05-01 14:28:00
📰 Reuters

⏱ Reading Time:
27 sec. here
25 min. at publisher
📊 Quality Score:
News: 94%
Publisher: 97%

ARTI Nyheter

BLR,CHIP,CHIP1

Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand.

Item 1 of 2 The logo of semiconductor company Advanced Micro Devices Inc is seen on a graphics processing unit chip in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File PhotoThe logo of semiconductor company Advanced Micro Devices Inc is seen on a graphics processing unit chip in this illustration picture taken February 17, 2023.

Executives of both AMD and Super Micro Computer said supply constraints were hampering their efforts to capitalize on demand for equipment powering the boom in generative AI. "However, from a demand perspective, customer engagement is in fact increasing, not only for MI300X but its successor products."Several analysts were still positive on AMD, saying easing supply chain constraints should allow the company to increase its share of the AI chip market and potentially reap billions of dollars in revenue.

Skriv Kommentar

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Super Micro Computer raises 2024 revenue outlook after earnings beat, shares downSuper Micro Computer raises 2024 revenue outlook after earnings beat, shares down
Källa: Investingcom - 🏆 450. / 53 Läs mer »