Core Insights - Advanced Micro Devices, Inc. (AMD) reported its latest quarterly results, surpassing estimates on both revenue and earnings, yet the stock experienced a decline in value [1]. Financial Performance - AMD's quarterly results indicated a strong performance, beating analyst expectations [1]. Market Reaction - Despite the positive earnings report, AMD's shares fell, potentially influenced by broader market conditions [1].

AMD公司(AMD.US)于美东时间周二盘后发布了第四季度财报，作为人工智能处理器市场英伟达 (NVDA.US)的主要挑战者，AMD对当前季度的业绩预测令市场失望，表明其在AI领域的进展并未达到 部分投资者的乐观预期。 该公司周二在声明中表示，第一季度销售额预计约为98亿美元，上下浮动3亿美元。根据数据，分析师 平均预估为93.9亿美元，但部分预测曾超过100亿美元。 一个喜忧参半的消息是，AMD表示已开始向中国销售一款旧型号芯片。此举虽增加了销售额并表明公 司正在应对贸易限制，但也挤压了利润率。 这一前景展望让期待AI计算支出能带来更丰厚回报的投资者感到失望。在这个利润丰厚的市场，AMD 仍在奋力追赶英伟达，但该公司表示，预计今年下半年推出的新一代更强大设计将为其带来优势。 财报公布后，该公司股价在盘后交易中一路下行，截至发稿，该股盘后大跌8%。截至周二收盘，该股 今年累计上涨13%。 数据显示，AMD第四季度销售额增长34%，达到103亿美元，超过97亿美元的平均预期。经调整后每股 收益为1.53美元，高于分析师平均预估的1.32美元。 作为AI支出的主要受益者，AMD数据中心业务收入在本季度增长39%， ...

Group 1 - The U.S. House of Representatives passed a funding bill to resolve the partial government shutdown, providing funding until September 30, 2026 [2] - AMD reported a fourth-quarter net profit of $2.52 billion, a 42% year-over-year increase, with revenue of $10.27 billion, up 34% [4] - AMD expects first-quarter revenue between $9.5 billion and $10.1 billion, exceeding market expectations of $9.39 billion [5] Group 2 - NVIDIA CEO Jensen Huang denied any changes in the relationship with OpenAI, stating that investment plans are proceeding as planned and that NVIDIA will participate in OpenAI's next funding round [7] - ByteDance acquired two commercial land plots in Haidian District for 2.8 billion yuan, with a total area of approximately 39,522 square meters [15] - The Central Committee of the Communist Party of China released a document focusing on agricultural modernization and technological innovation in agriculture [13][14]

Core Viewpoint - AMD reported strong financial results for Q4 2025, with revenue of $10.27 billion, a 34% year-over-year increase, surpassing market expectations of $9.65 billion [1] - The adjusted earnings per share reached $1.53, up from $1.09 in the same period last year, also exceeding the market forecast of $1.32 [1] Group 1: Financial Performance - Revenue for Q4 2025 was $10.27 billion, representing a 34% increase compared to the previous year [1] - Adjusted earnings per share for the same quarter were $1.53, an increase from $1.09 year-over-year [1] - Both revenue and earnings per share exceeded market expectations, with revenue forecasted at $9.65 billion and earnings per share at $1.32 [1] Group 2: Future Outlook - AMD's CEO, Lisa Su, indicated a strong foundation for growth, projecting that the data center business revenue could grow at an annual rate exceeding 60% over the next three to five years [1] - The company anticipates that sales from its artificial intelligence business will reach several hundred billion dollars by 2027 [1]

Group 1 - The Chinese central bank announced a reverse repurchase operation of 800 billion yuan to maintain liquidity in the banking system, with a term of 3 months [2] - The Shanghai Stock Exchange reported a significant increase in new A-share accounts, with 4.9158 million new accounts opened in January 2026, a month-on-month increase of approximately 89% and a year-on-year increase of about 213% [2] - The Paris prosecutor's office conducted a search of the office of the social media platform X, owned by Elon Musk, as part of an investigation into cybercrime [3] Group 2 - Major U.S. stock indices experienced declines, with the Dow Jones down 0.34%, S&P 500 down 0.84%, and Nasdaq down 1.43%, nearly erasing gains made since the beginning of the year [3][4] - Large technology stocks faced pressure, with Nvidia down 2.84%, Microsoft down 2.87%, and Amazon down 1.79% [4] - The Nasdaq Golden Dragon China Index fell by 0.94%, with Alibaba down 2.81% and Tencent Holdings ADR down 3.33% [4] Group 3 - Commodity markets saw a rebound in gold and silver prices after two days of significant declines, with spot gold rising 5.2% to $4,906.82 per ounce [5] - Crude oil prices slightly rebounded, with WTI crude oil futures increasing by 1.72% to $63.21 per barrel [5] - Several companies announced significant developments, including a change in controlling shareholder for Jiatang and a fundraising plan for Xuguang Electronics [5]

Advanced Micro Devices (AMD) reported $10.27 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 34.1%. EPS of $1.53 for the same period compares to $1.09 a year ago.The reported revenue represents a surprise of +6.24% over the Zacks Consensus Estimate of $9.67 billion. With the consensus EPS estimate being $1.32, the EPS surprise was +16.18%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

来源：@究竟视频微博 【#英伟达微软跌超2.8%#，沃尔玛市值破1万亿美元，#金银价格强劲反弹#】*纳指几乎回吐年内涨幅 *避险需求回流，国债收益率回落，金银强劲反弹 大型科技股普遍承压。英伟达收跌2.84%，连续第三个交易日回落。微软下跌2.87%，特斯拉基本持 平、微涨0.04%，苹果回落0.20%。AlphabetA类股下跌1.16%，C类股跌1.22%；亚马逊下挫1.79%，博通 跌幅达3.26%，超威半导体下跌1.69%，Meta Platforms下滑2.08%。 沃尔玛上涨逾2%，受数字业务增长和新客户获取带动，公司市值首次突破1万亿美元。 大宗商品市场方面，金银价格在连续两个交易日大幅下跌后强劲反弹。现货黄金在纽约尾盘上涨 5.2%，报每盎司4906.82美元，自周一低点4403.24美元显著回升，但仍低于上周创下的5594.82美元历史 高位。4月交割的纽约黄金期货上涨6.1%，结算价报4935美元。现货白银上涨4.8%，报每盎司83.23美 元。 *AI竞争冲击估值，软件与数据分析板块承压 美国股市周二下跌，科技股抛售拖累标普500指数和纳斯达克综合指数明显走低，投资者对人工智能相 关投入 ...

Market Overview - Market indexes experienced a decline, particularly in high-growth tech stocks, with the Dow closing down 166 points (-0.34%), the S&P 500 down -0.84%, and the Nasdaq down -1.43% [1] - The small-cap Russell 2000 managed a slight gain of 8 points (+0.31%) [1] Employment Data - December JOLTS numbers were not released due to delays from a government shutdown, impacting the start of "Jobs Week" [2] - The upcoming ADP private-sector payrolls are expected to show a slight increase of 45,000 job gains, up 4,000 from the previous month [2] Earnings Reports - Advanced Micro Devices (AMD) reported Q4 earnings of $1.53 per share, surpassing expectations of $1.32 and previous year's $1.09, with revenues of $10.3 billion exceeding the anticipated $9.67 billion [3] - AMD's reported figures included a one-time gain of $390 million from chips sold to China, leading to initial skepticism and a 6% drop in shares during late trading [4] - Amgen (AMGN) reported earnings of $5.29 per share, exceeding expectations of $4.76, with revenues of $9.8 billion above the consensus of $9.47 billion, and product sales rose by 7% [5] - Chipotle (CMG) reported earnings of 25 cents per share, slightly beating expectations, with revenues of $2.98 billion surpassing the consensus of $2.96 billion; however, full-year same-store sales declined by 1.7%, marking the first contraction in nearly a decade [6]

Core Insights - The article discusses the recent performance of Advanced Micro Devices, Inc. (AMD) in its fourth-quarter results, highlighting the company's premium shares and investment strategies [2]. Group 1: Company Overview - Advanced Micro Devices, Inc. (AMD) has been a focus of investment analysis, particularly regarding its stock performance and market positioning [2]. - The company is part of a broader investment strategy that emphasizes both long and short trades, with a focus on short- and medium-term investments, income generation, and momentum trades [2]. Group 2: Investment Strategy - The investment group BAD BEAT Investing, which includes a team of seven analysts, has a history of providing investment opportunities and has been active for nearly 12 years [2]. - The group is known for its significant market calls, including a notable recommendation to sell everything and go short in February 2020, and has maintained an average position of 95% long and 5% short since May 2020 [2]. - BAD BEAT Investing aims to educate investors on market dynamics and trading strategies, offering in-depth research and clear entry and exit targets [2].

US stocks were mixed on Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software stocks. The blue chip-heavy Dow Jones Industrial Average (^DJI) rose roughly 0.2%. The S&P 500 (^GSPC) slipped 0.2%, while the Nasdaq Composite (^IXIC) fell 0.8%, after tech stocks bore the brunt of the selling on Tuesday. Wall Street is trying to find its feet after AI disruption fears fueled a rush out of software stock ...