News Formal

AMD jumps on earnings report that validates our decision to reinvest in the stock

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 72%

Microsoft Corp Nyheter

Club Earnings,Jim Cramer,Investment Strategy

AMD shares are getting a much-needed lift after the chipmaker upped the forecast for its AI business.

Advanced Micro Devices on Tuesday proved it is an emerging force in the AI chip race, as its data center business helped fuel better-than-expected quarterly results. Revenue in the three months ended June 29 advanced 9% year over year to $5.84 billion, topping estimates of $5.72 billion, according to LSEG. Adjusted earnings per share rose 19% on an annual basis to 69 cents, beating estimates by a penny, LSEG data showed.

Lisa Su, chairwoman and CEO of Advanced Micro Devices , delivers the opening keynote speech at Computex 2024, Taiwan's premier tech expo, in Taipei on June 3, 2024.on Tuesday proved it is an emerging force in the AI chip race, as its data center business helped fuel better-than-expected quarterly results.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
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:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

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

AMD is becoming an AI chip company, just like NvidiaAMD’s AI GPU sales just went from a billion dollars cumulatively to a billion dollars quarterly. Nearly half the company’s sales are now data center products.
Källa: verge - 🏆 94. / 67 Läs mer »

AMD Earnings Preview: Chipmaker Remains Well-Positioned to Ride the AI MegatrendStocks Analysis by Investing.com (Günay Caymaz) covering: Advanced Micro Devices Inc. Read Investing.com (Günay Caymaz)'s latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »