AMD surpasses second-quarter targets with AI momentum

[{"selector":"#anim-27438cf1-7760-48d4-8c91-2d483dd24fe4","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ba32736e-34ca-4c3a-8cf8-6ce063cc683b","keyframes":{"transform":["translate3d(0px, 159.08697%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c52c99f6-6fd7-46cc-bd0f-5c78430fd968","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] AMD exceeded Wall Street's targets in the 2nd quarter with AI chip sales. Stocks fell due to insufficient guidance. Revenues of $5.36 billion, $0.58 per share profit, but annual earnings dropped by 45% and sales by 18%.

[{"selector":"#anim-79d01d35-89a7-4d10-a98a-006742ef9ffe","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5114788-9ac2-479c-99aa-dc9a2e997dda","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d12c2e7d-ac24-4002-9e57-7af5e8901018","keyframes":{"transform":["translate3d(0px, 162.96293%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] We achieved solid results in the second quarter, with a focus on Epyc and Ryzen 7000 processors," said Lisa Su, AMD CEO. AI commitments increased over sevenfold, and MI300 accelerators will be launched and produced in the fourth quarter.

[{"selector":"#anim-12dfe08d-b455-44b3-8041-eb54bb747eac","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-80398ac3-458f-463d-b936-30578a979e80","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e2de894-6283-40c9-9edf-2be1978f1dfa","keyframes":{"transform":["translate3d(0px, 208.59793%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] AMD's stocks fell 4.6% to 112.18 in the stock market. Revenue forecast for the current quarter is $5.7 billion, below expectations of $5.82 billion. AMD's stocks drop after the report

[{"selector":"#anim-ae1004ca-25e0-47a5-a6ef-84df87ba7d0c","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd2875a1-cc95-4e06-89cd-5f82fb77816b","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-665bc452-dffe-4481-97cc-ba34bcfbd266","keyframes":{"transform":["translate3d(0px, 128.83192%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] AMD forecasts double-digit revenue growth in the data center and client segments for the third quarter, driven by Epyc and Ryzen processors, but expects declines in gaming and embedded segments. The company has faced declining earnings and sales due to a slowdown in demand for personal computers and traditional servers.

[{"selector":"#anim-ae894e1d-49bb-4a09-942e-d141c567f895","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3a3da3c0-5fe5-4909-ac7d-dad4345b3b97","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50e3329c-b2b2-4829-aa02-6b2f986a0182","keyframes":{"transform":["translate3d(0px, 179.25927%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Analysts maintain ratings for AMD stocks. Oppenheimer neutral, Barclays buy with a target price of 145. Conservative guidance offset by expectations of strong AI business growth next year. AMD is on the list of technology leaders

[{"selector":"#anim-3e4fb618-e4f9-4ca4-95cd-23e8f1f0d6db","keyframes":{"opacity":[0,1]},"delay":100,"duration":1700,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c097bfe7-193f-41a8-a42e-428e6418c327","keyframes":{"opacity":[0,1]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b75dfac0-a870-4ec1-85c8-813d9879690e","keyframes":{"transform":["translate3d(0px, 232.40749%, 0)","translate3d(0px, 0px, 0)"]},"delay":200,"duration":1400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] AMD ranks 7th out of 36 fabless semiconductor stocks in IBD. AMD stocks have a composite rating of 91 out of 99 and are listed in IBD Tech Leaders.

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