- News and analysis
- Tech Giants Are Still Sustainable: AMD
Tech Giants Are Still Sustainable: AMD
The company is suffering amid lower demand for its computer chip produced for data centres. The company has reported revenues down by 9.2% year-on-year to $5.35 billion beating Q1 2023 consensus by $40 million. It has also reported strong profit of $970 million despite its margin being down below 50% amid lower demand from large clients. Meanwhile, Intel, the major peer of AMD, has reported losses and extra capex to modernise its production facilities and build new plants.
New chips for Genoa servers along with the MI300, the world’s first integrated GPU and CPU, are expected to be launched by AMD in the second half of 2023. Analysts’ forecast that AMD’s revenues will be up to $6.17 billion in the Q3 and up to $6.6 billion in Q4 2023. These figures include the expected recovery of desktop sales to the level of 2019 (roughly $1.45 billion), but ignore a possible elevated demand from data mining and AI firms. Thus, the final financial results could be above expectations, which will have a positive effect on stock prices.
The comments, insights, and reviews posted in this section are solely the opinions and perspectives of authors and do not represent the views or endorsements of RHC Investments or its administrators, except if explicitly indicated. RHC Investments provides a platform for users to share their thoughts on financial market news, investing strategies, and related topics. However, we do not guarantee the accuracy, completeness, or reliability of any user-generated content.
Investment Risks and Advice:
Please be aware that all investment decisions involve risks, and the information shared on metadoro.com should not be considered as financial advice. Always conduct thorough research, seek professional advice, and exercise caution when making investment decisions.
Moderation and Monitoring:
While we strive to maintain a respectful and informative environment, we cannot endorse or verify the accuracy of all user-generated content. We reserve the right to moderate, edit, or remove any comments or posts that violate our community guidelines, infringe on intellectual property rights, or contain harmful content.
By submitting content to metadoro.com, users grant RHC Investments a non-exclusive, royalty-free license to use, display, and distribute the content. Users are responsible for ensuring they have the necessary rights to share the content they post.
To maintain a positive and respectful community, users are expected to adhere to the community guidelines of Metadoro. Any content that is misleading, offensive, or violates applicable laws and regulations will be subject to moderation or removal.
Changes to Disclaimer:
We reserve the right to update, modify, or amend this disclaimer at any time. Users are encouraged to review this disclaimer periodically to stay informed about any changes.