AMD Guidance Concerns Amid Earnings Beat

3 months ago

Nathan Hager

"So, looking specifically at AMD, it reported third quarter ear uh revenue of $9.25 billion last night. That's 36% growth versus the prior year. It beat estimates at topped the company's high end of its guidance and even earnings itself came in above Wall Street estimates. But again, the guidance is causing some concern on Wall Street. The CEO sees revenue for the current quarter up 25% which does sound strong, but it's lower than the 60% growth that AI darling Nvidia is expected to post in a similar period."

AMD delivered strong Q3 results with revenue growth and earnings beats, yet its forward guidance, which is significantly lower than expectations from peers like Nvidia, is causing concern.

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