AMD

2024 - 1 - 31

AMD News Roundup: Revenue Forecast Misses Estimates, AI Chips Prospects, and More

AI Chips - AMD - Chipmaker - Data Center - GPU - Revenue Forecast

Check out the latest on AMD's revenue forecast and AI chip prospects. Dive into the details of their financial results and market impact.

AMD, the chipmaker, reported first-quarter revenue below expectations, unsettling investors despite strong sales projections. The outlook raised concerns about customer hesitation in purchasing PCs, servers, and game consoles. Despite boosting its AI chip forecast by $1.5 billion, AMD faced disappointment from Wall Street investors. The company's GPU production for artificial intelligence models adds to its ongoing challenges. Amidst these developments, AMD's stock experienced a notable decline after a lackluster sales forecast.

In related news, data center revenue for AMD saw a significant growth, yet fell slightly below estimated figures, impacting overall market performance. High-flying chipmakers faced a dip following AMD's underwhelming revenue forecast. The chipmaker's flat sequential growth prediction for its Data Center business disappointed despite revenue and profit increases. Nevertheless, AMD's CEO remains optimistic about extracting more sales from AI technologies, offering a glimmer of hope to investors.

Interesting facts about AMD: Despite setbacks in revenue forecasts, AMD's data center segment broke internal records, with sales from server CPUs and AI chips soaring. The company's new mid-range workstation GPUs are gaining attention in the market, signaling a solid foundation for 3D CAD and visualization applications. Additionally, AMD's Instinct datacenter GPU accelerator business is poised for success in 2024, outperforming expectations and driving growth in the data center GPU market.

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Image courtesy of "The Business Times"

AMD revenue forecast misses estimates, shares slide (The Business Times)

CHIPMAKER Advanced Micro Devices (AMD) forecast first-quarter revenue below Wall Street estimates on Tuesday (Jan 30) but projected strong sales for its ...

AMD Reports Fourth Quarter and Full Year 2023 Financial Results (Investor Relations)

On a non-GAAP(*) basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For ...

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Image courtesy of "The Straits Times"

AMD's weak forecast overshadows prospects for AI chips (The Straits Times)

The outlook renewed concerns that customers are holding off on purchases in PCs, servers and game consoles. Read more at straitstimes.com.

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Image courtesy of "Reuters"

AMD boosts AI chip forecast by $1.5 bln - not enough for Wall Street (Reuters)

Chipmaker AMD on Tuesday boosted its 2024 forecast for its artificial intelligence (AI) processors by $1.5 billion. Investors wanted more.

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Image courtesy of "CNBC"

AMD shares fall as first-quarter forecast comes in light (CNBC)

AMD makes graphics processing units, or GPUs, which are needed to train and deploy generative artificial intelligence models.

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Image courtesy of "Barron's"

Microsoft, Google-Parent Alphabet, and AMD Earnings Are Out ... (Barron's)

Advanced Micro Devices stock fell after the chip maker gave a disappointing revenue forecast for its March quarter. The chip maker reported fourth-quarter ...

Advanced Micro Devices (AMD) Earnings: 4Q Revenue Meets ... (Smartkarma)

Data center revenue reached $2.28 billion, a 38% increase year-over-year, slightly under the estimate of $2.3 billion. Gaming revenue was at $1.37 billion, ...

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Image courtesy of "Reuters India"

High-flying chipmakers hit after AMD's forecast falls short (Reuters India)

High-flying semiconductor stocks slipped in trading before the bell on Wednesday after Advanced Micro Devices' disappointing current-quarter revenue ...

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Image courtesy of "Investopedia"

AMD Stock Slumps on Disappointing Sales Forecast—Key Price ... (Investopedia)

AMD shares fell sharply after the chipmaker missed Wall Street's first-quarter sales forecasts. Monitor these key price levels.

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Image courtesy of "Digitimes"

AMD expects flat sequential growth in Data Center business, eyes ... (Digitimes)

Despite growing revenue and a surge in operating income and profit, AMD gave a disappointing flat guidance for the current quarter. The company expects the ...

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Image courtesy of "Yahoo Finance"

AMD Pares Stock Decline as CEO Vows to Wring More Sales From AI (Yahoo Finance)

(Bloomberg) -- Advanced Micro Devices Inc. shares pared losses Wednesday after optimism about new artificial intelligence processors helped investors look ...

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Here are Wednesday's biggest analyst calls: Apple, Tesla, Alphabet ... (CNBC)

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Image courtesy of "Yahoo Finance"

Why AMD Stock Fell as Much as 5.5% This Morning (Yahoo Finance)

Shares of Advanced Micro Devices (NASDAQ: AMD) fell as much as 5.5% on Wednesday morning, following the chip designer's fourth-quarter earnings report.

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Image courtesy of "DatacenterDynamics"

AMD data center segment sets internal revenue records, as GPU ... (DatacenterDynamics)

In the results published on January 30, AMD revealed that the company's data center business, which includes server CPUs and AI chips, had quarterly sales ...

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Image courtesy of "AEC Magazine"

Review: AMD Radeon Pro W7500 W7600 & W7700 (AEC Magazine)

AMD's new mid-range workstation GPUs - Radeon Pro W7500, W7600 & W7700 represent a solid foundation for 3D CAD and entry-level viz.

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Image courtesy of "The Next Platform"

How The “Antares” MI300 GPU Ramp Will Save AMD's Datacenter ... (The Next Platform)

It is beginning to look like AMD's Instinct datacenter GPU accelerator business is going to do a lot better in 2024 than many had expected and that the.

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