AMD

Posted on | by Leon Hinde | Leave a Comment on AMD

Advanced Micro Devices, Inc. – Common reported second-quarter earnings on Tuesday that beat expectations, but the stock slumped in extended trading after rising during regular trading hours.

Here’s how the chipmaker did versus LSEG consensus estimates for the quarter ended June 27:

  • EPS: $1.66, adjusted, versus $1.62 expected
  • Revenue: $11.54 billion versus $11.28 billion expected

Overall, AMD revenue climbed 50% from $7.69 billion a year ago, a sign of the company’s central position in the market for artificial intelligence chips.

AMD’s Data Center unit is what is driving the company’s growth. Data Center sales were $6.7 billion, up 107% on an annual basis, which the company attributed to central processing unit and graphics processing unit sales.

The chipmaker sees $1.4 trillion of that coming from AI accelerators, or GPUs, up from a previous estimate of $500 billion by 2028.

AMD vs Intel

Posted on | by Leon Hinde

NAS:INTL disappointed the market on Friday when it’s earnings fell short of consensus and delays in new chip technology were announced.

When we review the Algo Engine signals we can see Advanced Micro Devices is under buy conditions and has rallied from $48 to $69, whereas, Intel was under sell signals, (since making a lower high at $65) and has now collapsed to $49.

We’re inclined to take profit on the AMD trade and look to soon take advantage of Intel falling into oversold levels.