AMD gives soft fourth-quarter guidance, but expects to sell $2 billion of AI chips next year
Publishing timestamp: 2023-10-31 18:34:47
Summary
AMD reported third-quarter earnings that exceeded analyst expectations, but issued a weaker-than-expected forecast for the fourth quarter. The company expects its AI GPU sales to exceed $2 billion in 2024. Despite the initial drop in stock, AMD's rosy 2024 forecast for its AI chip business helped it recover.
Sentiment: MIXED
Keywords: earnings, lisa su, intel corp, business, advanced micro devices inc, nvidia corp, mobile, breaking news: technology, business news, apple inc, technology,
Source: https://www.cnbc.com/2023/10/31/amd-earnings-report-q3-2023.html