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Advanced Micro Devices (AMD) Q3 2023 Earnings Call Transcript

AMD earnings call for the period ending September 30, 2023. ....

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AMD forecasts $2 billion sales of AI chips, helping shares rebound

(Reuters) -Chip designer Advanced Micro Devices on Tuesday forecast $2 billion in sales in 2024 from a chip that aims to compete with Nvidia in the artificial intelligence (AI) market, helping shares recover after a quarterly outlook missed expectations. AMD forecast fourth-quarter revenue and gross margins below Wall Street estimates, hurt by a weak gaming market as well as a decline in demand from some industries for its programmable chips. Shares of the Santa Clara, California-based company f ....

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amd sales: AMD forecasts $2 billion sales of AI chips, helping shares rebound

Shares of the Santa Clara, California-based company fell as much as 4.6% in after-market trading but turned roughly flat after executives disclosed on a conference call the outlook for its chip to compete with Nvidia. AMD is readying a chip called the MI300X it hopes will loosen Nvidia s grip on the market for data center AI chips used to create technologies similar to ChatGPT. ....

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AMD Shares Surge Post-Q3 Earnings: Analysts Weigh In On Future Prospects - Advanced Micro Devices (NASDAQ:AMD)

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) spiked higher on Wednesday after the company reported upbeat third-quarter earnings earlier this week. ....

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AMD Predicts $2 Billion in 2024 Sales with New AI Chip to Challenge Nvidia

AMD (Advanced Micro Devices) unveiled its ambitious plan to compete with industry giant Nvidia in the artificial intelligence (AI) market. ....

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