I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active in the markets for several years, and am primarily focused on long/short equities. I hold a Bachelor of Science Degree from Lehigh University, where I double majored in Finance and Accounting, with a minor ...

The tech sector represents companies developing and delivering innovative technology solutions across various industries. These range from software developers and hardware manufacturers to cloud computing and cybersecurity providers. Tech stocks offer investors exposure to companies driving digital transformation worldwide. The sector continues to shape how businesses operate and people live through constant innovation. Investing in tech stocks can provide significant growth opportunities as technology beco ...

On October 29, Advanced Micro Devices (NASDAQ: AMD) held its Q3 2024 earnings call. Earnings per share (EPS) came in exactly on par with consensus estimates, at $0.92, for a pretty compelling 38% increase year-over-year (YoY).Results in terms of revenue were not bad either at $6.82 billion, compared to analysts expectations of $6.71 billion — a 17% YoY increase.Good news, then — right? Wrong — at the time of publication, AMD stock price has dropped from a previous-day peak of $166 down to $156.25, marking a ...

As slow as it is to build, Advanced Micro Devices NASDAQ: AMD is gaining momentum with AI and is well-positioned for long-term market share gains. The primary hurdle is its AI ecosystem, which lags behind NVIDIA's NASDAQ: NVDA development, but the ecosystem is improving quarterly, aided by internal advances and acquisitions. AMD Today's takeaway for investors is that this semiconductor company is growing due to its AI position, growth is accelerating, and the negative impact of legacy business will soon shi ...

The chipmaker's data center revenue soared 122% year over year, driven by continued powerful demand for its artificial intelligence (AI) chips that compete with larger rival Nvidia's chips. Shares of Advanced Micro Devices (AMD 3.96%) declined 7.6% in Tuesday's after-hours trading, following the chipmaker's release of its third-quarter 2024 report.The stock's drop is largely attributable to fourth-quarter revenue guidance coming in slightly lower than Wall Street had expected. As to third-quarter results, r ...

AMD now expects AI GPU revenue to exceed $5 billion in 2024.In this video, I go over Advanced Micro Devices's (AMD 3.96%) third-quarter earnings report, which was not good enough to keep the stock from dropping. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Oct. 29, 2024. The video was published on Oct. 29, 2024. ...

Key TakeawaysAdvanced Micro Devices shares moved sharply lower in extended trading on Tuesday after the chipmaker reported third-quarter earnings that came in below expectations and issued a light revenue outlook.The stock has rallied into the upper trendline of a descending channel, though lower volumes suggest that larger market participants remained on the sidelines ahead of the company's quarterly results.Investors should watch key support levels on AMD's chart around $162, $132, and $112.If the stock r ...

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Financial Data and Key Metrics - Q3 2024 revenue increased 18% YoY to a record $6.8 billion, driven by strong Data Center and Client Processor sales [7][8] - Gross margin expanded by 2.5 percentage points YoY, and EPS grew 31% YoY [8] - Data Center segment revenue more than doubled to $3.5 billion, accounting for 52% of total revenue [9][50] - Client segment revenue grew 29% YoY to $1.9 billion, driven by strong demand for Zen 5 processors [33][52] - Gaming segment revenue declined 69% YoY to $462 million due to reduced semi-custom sales [37][53] - Embedded segment revenue decreased 25% YoY to $927 million, with gradual recovery in some end markets [39][54] Business Line Performance - Data Center GPU revenue ramped significantly, with MI300X adoption expanding among cloud, OEM, and AI customers [20] - EPYC CPU sales grew strongly, with over 200 different EPYC solutions available for enterprise and edge workloads [13] - Ryzen AI 300 Series sales ramped significantly in the mobile segment, with new notebooks from Acer, HP, Lenovo, and Asus [34] - Gaming Graphics revenue declined as the company prepared for the transition to next-gen Radeon GPUs based on RDNA 4 architecture [38] Market Performance - Public cloud instances increased 20% YoY to over 950, with Microsoft, AWS, and others expanding EPYC processor-powered offerings [12] - Enterprise sales grew by a strong double-digit percentage YoY for the fifth straight quarter, with wins from Airbus, Daimler Truck, FedEx, and others [14] - Embedded demand showed gradual recovery, led by strength in test and emulation, but industrial markets remained soft [39][78] Strategic Direction and Industry Competition - The company launched the next-generation Turin family, which delivers performance and TCO leadership across enterprise and cloud workloads [15] - AMD formed an ecosystem advisory group with Intel and industry leaders to accelerate innovation in the x86 architecture [19] - The company announced a definitive agreement to acquire ZT Systems to enhance AI infrastructure capabilities [27] - AMD expects the AI accelerator TAM to grow at over 60% annually to $500 billion by 2028 [44] Management Commentary on Operating Environment and Future Outlook - Management highlighted strong demand for Instinct, EPYC, and Ryzen processors, expecting continued growth in Q4 [41] - The company is well-positioned to capitalize on the rapid adoption of AI, which is driving demand for high-performance computing [43] - AMD expects Q4 2024 revenue to be approximately $7.5 billion, up 22% YoY, driven by growth in Data Center and Client segments [57] Other Important Information - Inventory increased sequentially by $383 million to $5.4 billion to support the ramp of Data Center segment products [55] - The company returned $250 million to shareholders through share repurchases in Q3 2024 [56] - AMD plans to divest ZT Systems' U.S.-based data center infrastructure manufacturing business after the acquisition closes [29] Q&A Session Summary Question: Data Center GPU Business Growth and Customer Expansion [62] - AMD raised its 2024 Data Center GPU revenue outlook to exceed $5 billion, driven by strong customer milestones and product ramp [63] - The company expects broadening customer engagements and workload optimization to drive growth in 2025 [65] Question: Gross Margin Outlook for Q4 and Beyond [66] - Q4 gross margin is expected to be approximately 54%, with Data Center growth and Embedded recovery providing tailwinds [68][69] - Client business expansion may pose a headwind due to its consumer focus, but operational efficiency improvements are expected to support margins [70][71] Question: Supply Chain and Production Capacity for MI300 and MI325 GPUs [72] - The supply chain has ramped well, with capacity planned for significant growth in 2025 [73][74] - Data Center is the largest contributor to sequential revenue growth in Q4, followed by the Client segment [75][76] Question: Embedded Business Recovery and Outlook [78] - Embedded business showed modest improvement in Q3, with strength in test and emulation and aerospace, but industrial and communications markets remain soft [79][80] Question: EPYC CPU Business and AI Workloads [81] - EPYC CPU business saw strong growth, with Zen 4 and Zen 5 portfolios driving demand in both enterprise and cloud markets [82][83] - Turin CPUs are well-optimized for traditional server workloads and AI content, supporting growth in 2025 [87][88] Question: PC Market Trends and Seasonality [90] - AMD expects seasonality in the PC market, with a stronger second half driven by product launches and AI PC adoption [91][92] - The company sees opportunities for growth in both consumer and enterprise segments in 2025 [120] Question: Data Center GPU Revenue and Growth Trajectory [95] - AMD is confident in its ability to grow Data Center GPU revenue, with MI325X and MI350 series products expected to drive workload expansion [96][97] - The company is working closely with customers to optimize software and hardware performance [100] Question: Competitive Positioning and Market Share [113] - AMD believes its product portfolio is competitive, with MI325X and MI350 series closing the gap with industry leaders [114][115] - The company sees significant opportunities to expand its customer base and workload breadth [116] Question: Client Segment Performance and ASP Trends [117] - AMD's client business saw strong sell-through in Q3, with growth driven by both units and ASPs [118][119] - The company expects continued momentum in AI PCs and enterprise adoption in 2025 [120] Question: EPYC Business Growth and China Market [122] - EPYC business saw positive growth momentum in Q3, with strength in both enterprise and cloud markets [123][124] - AMD is underrepresented in the China market, presenting an opportunity for future growth [126] Question: Data Center GPU Revenue Size and Growth [128] - Data Center GPU revenue exceeded $1.5 billion in Q3, with expectations for continued growth in Q4 [129] - The business may experience lumpiness due to large customer deployments [130] Question: Gross Margin for Instinct GPUs [138] - Instinct GPU gross margins are below corporate average but expected to improve as revenue scales and operational efficiency increases [139][141] Question: MI325X Launch and Embedded Market Trends [144] - MI325X production shipments are planned for Q4, with a ramp expected in Q1 2025 [146] - Embedded business recovery is gradual, with strength in test and emulation, aerospace, and automotive, but industrial and communications markets remain soft [147][148]

Advanced Micro Devices (AMD) reported $6.82 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 17.6%. EPS of $0.92 for the same period compares to $0.70 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.71 billion, representing a surprise of +1.59%. The company delivered an EPS surprise of +1.10%, with the consensus EPS estimate being $0.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...