Chipmaker Advanced Micro Devices (AMD) late Tuesday beat Wall Street's targets for the third quarter but missed with its outlook for the current period.
AMD stock jumped Wednesday after the company said it expects to bring in more than $2 billion in revenue from its data center GPU revenue.
Earnings soared on higher gross and operating profit margins, despite weak revenue growth. AMD expects to grow even faster in Q4.
AMD'S MI300 product line is a large factor in the forecast and has been hailed as a competitor product to Nvidia.
Advanced Micro Devices (AMD) shares leaped more than 9% Wednesday after the chipmaker's third quarter earnings beat analysts' expectations and said it ...
Advanced Micro Devices shares rose more than 8.5% on Wednesday, a day after the company's third-quarter financial results showed early signs of taking ...
Advanced Micro Devices revealed a disappointing fourth-quarter sales forecast, but AMD stock is still popping on the firm's AI aspirations.
While earnings and revenue came in narrowly ahead of expectations, the guidance disappointed. AMD said fourth-quarter revenue would be around $6.1 billion, give ...
Advanced Micro Devices (NASDAQ:AMD) delivered better-than-expected third-quarter revenue and EPS. However, the company's Q4 sales and gross margin outlook ...
Shares of Advanced Micro Devices jumped 8% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch ...