Pros on CNBC discussed AMD after second-quarter earnings and revenue beat estimates buts forward guidance fell short of what analysts had estimated.
Market Movers rounded up the best reactions from investors and analysts on Advanced Micro Devices . The pros considered the Santa Clara, Calif.-based chipmaker after its second-quarter results Tuesday beat estimates on both the top and bottom lines.
Despite the results, AMD closed the day 7% lower after third quarter guidance missed Street estimates amid a faltering PC market. AMD CEO Lisa Su joined Jim Cramer on CNBC Wednesday to break down the results. Su said AMD is increasing AI-related spending and has a strategy around developing AI-specific chips. Additionally, Citi upgraded the stock to buy from neutral and raised its price target to $136 from $120. Advanced Micro Devices is currently held in Cramer's Charitable Trust Portfolio.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
CNBC Daily Open: July was great for stocks — and oilTraders think that scenario is looking increasingly likely. Stocks had a great July and the optimism extended to the commodities market.
Weiterlesen »
CNBC Daily Open: Oil joined the July stocks rallyTraders think that scenario is looking increasingly likely. Stocks had a great July and the optimism extended to the commodities market.
Weiterlesen »
AMD earnings: Here are the numbers to watchChip maker Advanced Micro Devices Inc. reports second-quarter earnings after the bell Tuesday. Here are some of the key numbers to watch.
Weiterlesen »
Federal judge rules some crypto assets are securities in Do Kwon, Terraform case: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Oliver Linch, CEO and general counsel of Bittrex Global, weighs in on Worldcoin's launch sparking privacy concerns in Europe.
Weiterlesen »
AMD revenue falls 18% as PC market shows continued weaknessAMD reported an 18% decline in year-over-year revenue in the second quarter and issued a sales forecast that trailed analysts' estimates.
Weiterlesen »
AMD stock rallies more than 4% on earnings beatAdvanced Micro Devices Inc. shares surged in the extended session Tuesday after the chip maker's results topped Wall Street estimates.
Weiterlesen »