Advanced Micro Devices (AMD) reported its first-quarter earnings yesterday, which narrowly outperformed the analyst consensus. This lackluster performance coupled with a disappointing guidance has sent shares down more than 9%. The chip maker posted earnings per share of 62 cents compared to the estimate of 61 cents. Revenue came in at $5.47 billion compared [...]
Advanced Micro Devices Inc. (AMD) has been informed by US officials that the AI chip they’ve been developing for China will need additional licensing before it can be exported. Shares are down a bit today on this news, but as we’ll explore in just a moment, AMD is still worth buying. The chip in [...]
Nvidia chose to release 2nd quarter earnings a few weeks early - and the results were less than investors had hoped for. While the company is known for being reliable and safe, it fell short of expectations - coming in at just $6.7 billion in revenue. This is a 17% discrepancy from the $8.1 [...]
As the desktop CPU market plunges, one stock situated within the industry continues to thrive - and that’s AMD. Despite record-low desktop CPU shipments, AMD (Advanced Microdevices) managed to report gains in the last quarter. What makes this particularly interesting is that AMD’s competitors - Intel, Nvidia, and more - are struggling. Yet, through [...]
