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OpticalMoose@discuss.tchncs.deM to Chip Stocks@discuss.tchncs.deEnglish · 2 years ago

AMD beats earnings estimates, misses Q4 guidance

finance.yahoo.com

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AMD beats earnings estimates, misses Q4 guidance

finance.yahoo.com

OpticalMoose@discuss.tchncs.deM to Chip Stocks@discuss.tchncs.deEnglish · 2 years ago
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The company is betting its new chips can help it gain position in the AI race.

AMD delivered decent results for Q3, but Wall Street was disappointed by its guidance for Q4.

After hours trading was low, as much as -4% at times, but recovered after the earnings podcast and Q&A. CEO Lisa Su predicted MI300 AI chip sales of $400m in Q4 and $2b for Fy2024.

Slide show: https://d1io3yog0oux5.cloudfront.net/_bb564a866bc41f45b16c329e8171eb02/amd/db/778/6935/file/AMD+Q3'23+Earnings+Slides.pdf

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