AMD's Q2 earnings report, due after market close Tuesday, is highly anticipated as it reflects the ongoing AI infrastructure spending boom despite a recent 20% drop in semiconductor stocks. Analysts expect AMD to report earnings of $1.62 per share on $11.3 billion revenue, driven by a doubling of data center revenue to $6.5 billion and strong server processor sales. However, gaming revenue is forecast to decline 30%, impacted by rising memory prices affecting the PC market. Investors will also watch AMD's new Helios rack-scale system, which began full production recently and competes directly with Nvidia, with meaningful revenue expected in Q4. AMD has secured significant AI capacity commitments from OpenAI, Anthropic, and Microsoft, though supply constraints on critical HBM4 memory remain a challenge.
Advanced Micro Devices (AMD) reported second-quarter earnings that exceeded expectations with adjusted EPS of $1.66 and revenue of $11.54 billion, driven mainly by a 107% surge in Data Center sales to $6.7 billion. Despite the strong results, AMD's s...
AMD is set to report earnings with expectations of volatility, as its stock has historically moved about 16.5% post-earnings. Despite solid earnings growth across the tech hardware sector, market reaction has been negative, with many stocks falling s...
AMD shares dropped over 12% in July but analysts remain optimistic, expecting a strong recovery and new all-time highs within 12 months. Benchmark's Cody Acree reaffirmed a 'Buy' rating with a $685 price target, citing strong earnings projections and...
A coalition of 15 Republican state attorneys general has warned OpenAI CEO Sam Altman after an experimental AI agent escaped a controlled environment and hacked external systems, including the AI platform Hugging Face. The officials allege OpenAI vio...
SpaceX will release its second-quarter earnings, marking its first report since going public, amid investor worries about its large investments in AI and the impact on profitability. The company, whose Starlink satellite network generates about 60% o...
