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On an adjusted basis, AMD forecast gross margin of about 53% for the second quarter, just beating the estimate of 52.9%. Revenue at its data center business jumped 80% to $2.3 billion.
Because of surging demand, AMD CEO Lisa Su said, the company boosted its 2024 AI chip revenue forecast to $4.5 billion from a previous target of $4 billion. The supply of such chips will remain ...
July 31, 2024 at 11:00 AM. Advanced Micro Devices (NASDAQ: AMD) stock is surging in Wednesday's trading. The semiconductor company's share price was up 7.3% as of 10:45 a.m. ET, according to data ...
AMD is jumping on the AI bandwagon. Shares of Advanced Micro Devices (NASDAQ: AMD) were flying higher today, sparking a broad recovery in the chip sector as AMD reported soaring demand in its data ...
CEO Lisa Su believes the AI chip market will reach $400 billion by 2027. AMD is on pace to capture just a fraction of that figure -- around $12 billion in data center sales this year. AMD's data ...
AMD forecast adjusted gross margins of 51.5%, slightly below estimates of 52.1%, according to LSEG data. Adjusted revenue in the third quarter rose 4% to $5.8 billion, compared with estimates of ...
Fool.com contributor Parkev Tatevosian gives AMD (NASDAQ: AMD) investors an overview of the different business segments. *Stock prices used were the afternoon prices of May 7, 2024. The video was ...
The stock is up 8% on Wednesday. In Q3, AMD reeled in $5.8 billion in revenue and $0.70 in EPS, but forecasted $6.1 billion in revenue for the next quarter, missing analysts' expectations of $6.4 ...