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AMD forecast an adjusted gross margin of roughly 54%, which met analyst expectations. The company reported revenue of $6.82 billion for the third quarter, compared with estimates of $6.71 billion.
On an adjusted basis, AMD forecast gross margin of about 53% for the second quarter, just beating the estimate of 52.9%. Revenue at its data center business jumped 80% to $2.3 billion.
AMD forecast adjusted gross margins of 51.5%, slightly below estimates of 52.1%, according to LSEG data. Adjusted revenue in the third quarter rose 4% to $5.8 billion, compared with estimates of ...
The total addressable market forecast is up from AMD's $30 billion estimate in June. Advanced Micro Devices announced two new AI data center chips from its MI300 lineup: one focused on generative ...
AMD trades at nearly 32 times its 12-month forward earnings estimates, compared with 36 times for Nvidia. (This story has been corrected to say that the $5 billion AI chip sales target is for 2024 ...
Future developments in digital technology could affect eye care. Future access to gene chips could lead to more accurate AMD and glaucoma diagnosis and treatment. Due to investments made by businesses and accelerated research, the market is anticipated to grow during the forecast period. Regional Analysis
Lastly, keep in mind that AMD is also developing a successor GPU to the MI300 called the MI325X -- slated to launch in 2025. Moreover, the company's MI400 architecture is targeting a launch date ...
Sometimes, you can’t win for losing. Advanced Micro Devices, Inc. (AMD) reported Q2 earnings yesterday, beat the expectations, and shares still lost over 10%. The losses came as the company ...
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