Soaring chip stocks hit as AMD's forecast fails to impress

Jan 31, 2024 · Shares of Santa Clara, California-based AMD dropped 5.5% to $162.75 on Wednesday, pulling down Nvidia (NVDA.O), Micron Technology (MU.O), Qualcomm …

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Soaring Chip Stocks Hit As AMD's Forecast Fails To Impress

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Jan 31, 2024 · Shares of Santa Clara, California-based AMD dropped 5.5% to $162.75 on Wednesday, pulling down Nvidia (NVDA.O), Micron Technology (MU.O), Qualcomm …

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AMD Shares Fall As Forecast Fails To Impress Despite Strong AI Growth

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Oct 29, 2024 · AMD shares were down more than 9% on Wednesday morning. AMD said it expected about $7.5 billion in sales in the current quarter, in line with consensus expectations …

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AMD Shares Slump As Forecast Disappoints AI-focused Investors

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Oct 30, 2024 · AMD. (Reuters) - Advanced Micro Devices shares fell 8% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from …

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AMD AI Chip Revenue Forecast Fails To Impress, Shares Dive 7

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Apr 30, 2024 · AMD AI Chip Revenue Forecast Fails to Impress, Shares Dive 7%. By ... expectations because of soaring AI chip sales. ... as Microsoft's Xbox and the Sony …

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AMD Revenue Forecast And AI Chip Sales Fails To Impress Wall Street ...

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Oct 29 (Reuters) - Advanced Micro Devices (AMD.O) on Tuesday forecast fourth-quarter revenue just shy of estimates and raised its artificial intelligence chip sales forecast to $5 billion for …

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AMD AI Chip Revenue Forecast Fails To Impress, Shares Dive 7%

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Apr 30, 2024 · (Reuters) -Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade. Chief Executive …

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AMD AI Chip Revenue Forecast Fails To Impress, Shares Dive 7%

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Apr 30, 2024 · (Reuters) -Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade. Chief Executive …

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AMD Shares Slump As Forecast Disappoints AI-focused Investors

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Oct 30 (Reuters) - Advanced Micro Devices (AMD.O) shares fell nearly 10% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall …

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AMD AI Chip Revenue Forecast Fails To Impress, Shares Dive 7%

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Apr 30, 2024 · By Arsheeya Bajwa and Max A. Cherney (Reuters) -Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down …

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AMD AI Chip Revenue Forecast Fails To Impress, Shares Dive 7%

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April 30 (Reuters) - Advanced Micro Devices (AMD.O) forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade. Chief …

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AMD AI Chip Revenue Forecast Fails To Impress, Shares Dive 7%

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May 1, 2024 · (Reuters) -Advanced Micro Devices forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade.

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FAQs about Soaring chip stocks hit as AMD's forecast fails to impress Coupon?

How did AI chip sales affect Advanced Micro Devices (AMD)?

REUTERS/Florence Lo/Illustration/File photo Purchase Licensing Rights April 30 (Reuters) - Advanced Micro Devices (AMD.O) forecast AI chip sales on Tuesday that failed to impress investors, knocking its stock down about 7% in extended trade. ...

Why did Advanced Micro Devices stock fall 8% on Wednesday?

(Reuters) - Advanced Micro Devices shares fell 8% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from the AI boom. AMD could lose around $20 billion in market value, based on premarket movements. ...

Will AMD lose $25 billion in market value if revenue forecast fails?

REUTERS/Florence Lo/Illustration/File Photo Purchase Licensing Rights Oct 30 (Reuters) - Advanced Micro Devices (AMD.O) shares fell nearly 10% on Wednesday after the chip company's revenue forecast failed to impress investors looking for a bigger windfall from the AI boom. AMD could lose around $25 billion in market value, if the losses hold. ...

How much will AMD's AI chip sales increase in 2024?

In the earnings call, Chief Executive Officer Lisa Su said AMD now expected AI chip sales of roughly $4 billion for 2024, an increase of $500 million from its prior estimate for the year. The increase of a half billion dollars was not enough to meet Wall Street's lofty expectations for AI chips. ...

Why is demand for AI chips so high?

Demand for AI chips from big technology companies including Microsoft (MSFT.O) and Meta (META.O) has been rising much faster than their supply from AMD and larger rival Nvidia (NVDA.O), limiting the chip companies' ability to tap the order surge. AMD CEO Lisa Su said that supplies of AI chips would be tight going into next year. ...

How did AMD's AI chips perform in the data center segment?

AMD's AI chips are reported in its data center segment, which more than doubled on an annual basis to $3.5 billion in total sales. AMD said it was mainly driven by the strong sales of its Instinct-branded GPUs for AI. Overall data center revenue was up 122% year over year. ...