AMD's GPU sales are nearing CPU sales, driven by AI data center demand. AMD raised its 2024 GPU sales forecast to over $5 billion, up from $4.5 billion. Analysts predict AMD's GPU sales will grow, but CPUs remain crucial for AI workloads. Insider Today NSIDER TODAY Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalize ...

Advanced Micro Devices (AMD) reported third-quarter 2024 non-GAAP earnings of 92 cents per share, beating the Zacks Consensus Estimate by 1.10%. The figure surged 31.4% year over year. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues of $6.82 billion beat the Zacks Consensus Estimate by 1.59% and increased 17.6% year over year, as well as 17% sequentially. The top-line growth benefited from robust Data Center and Client revenues, partially offset by sluggishness in the Gaming ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here . We're upgrading Advanced Micro Devices, Inc. (NASDAQ: AMD ) to a buy after the company reported its third quarter of FY2024 results and outlook Tuesday, pulling the stock down over 9% at the market open Wednesday. We Analyst's Disclosure: I/we have no stock, option or similar derivative pos ...

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AMD showed some strong momentum in artificial intelligence in Q3. So why is the stock sinking? Advanced Micro Devices (AMD -9.61%) stock is losing ground Wednesday after the publication of the company's third-quarter results. The semiconductor specialist's share price was down 9.6% as of 1 p.m. ET. AMD published its Q3 results after the market closed yesterday, delivering earnings that were in line with the market's expectations and sales that came in better than anticipated. The company posted non-GAAP (ad ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...

Currently leading research at Leverage Shares, I have longstanding professional experience with financial markets. All views are my own and I can assure you that I smile sometimes. M.S.F, M.B.A., IIT Chicago. My Substack where I dig *deep* into global business, market, Asia, culture, trends, etc.Please note: Leverage Shares is an ETP provider that offers daily-rebalanced products in leveraged/unleveraged/inverse/inverse leveraged factors. The company holds both long and short positions in a number of stocks ...

Shares of AMD (NASDAQ: AMD ) sank 8% in extended trading after the semiconductor company reported earnings for its third fiscal quarter that met expectations but that failed to excite investors. AMD also reported a considerable ramp in Data Center-related revenueAnalyst’s Disclosure: I/we have a beneficial long position in the shares of AMD, NVDA, INTC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation ...

Advanced Micro Devices, Inc. (NASDAQ: AMD ) delivered quarterly results , and its stock is dropping (down 9% in pre-market). For Q3 2024, AMD announced $0.92 in EPS , a 31% YoY increase. Revenue came in at $6.82B, an 18% YoY He runs the investing group The Financial Prophet where he covers all market sectors and shares strategies for well-diversified investing. Features include: the All-Weather portfolio, trade alerts, technical analysis, daily reports with his latest updates, covered call strategies, and d ...

Big Tech will be taking over the earnings confessional over the next couple of days, with chip names among those reporting. Advanced Micro Devices, Inc. (NASDAQ:AMD) just announced a profit beat for the third quarter, but also shared a dismal outlook for its incoming fourth quarter. Meanwhile, Qorvo Inc (NASDAQ:QRVO) issued a dismal outlook for the third quarter despite beating second-quarter estimates. AMD was last seen down 8.7% to trade at $151.79 at last glance, on track to snap its four-day win streak ...