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Advanced Micro Devices (AMD) expects to generate $2 billion in AI chip sales in 2024, with $400 million in revenue forecasted for the fourth quarter of 2023. The company's stock initially fell following soft fourth-quarter guidance, but later recovered. Meanwhile, Paycom Software issued a weak fourth-quarter revenue forecast, causing its shares to plummet. AMD narrowly beat expectations for quarterly earnings and revenue but disappointed on guidance. Several companies are expressing concerns over the potential economic slowdown this earnings season.
Results form AMD and Taiwan Semiconductor suggest AI demand can survive an economic slowdownโand geopolitical worries. https://t.co/f8dLnox9F9
More companies are flagging concerns over the looming threat of an economic slowdown this earnings season https://t.co/YSxuNF5Bjl
AMD surges after issuing positive outlook for AI chips next year. Here's what the pros say https://t.co/DtzpZt29WG
PC market recovery gathers pace as Intel, AMD tout potential of 'AI PC' https://t.co/B4JzOEweUB https://t.co/3chlrQpMSw
Paycom's weak revenue forecast hammers stock to nearly five-year low https://t.co/lEVPA2NQmu https://t.co/zObatkDeQg
"We now expect data center GPU revenue to be approximately $400 million in the fourth quarter and exceed $2 billion in 2024 as revenue ramps throughout the year," AMD CEO Lisa Su said on Tuesday night's earnings call. https://t.co/D0iEvtrFUb https://t.co/bIY4QzOJXU
Focusing on the potential of AI: AMD's forward-thinking approach inspires investors despite conservative projections. https://t.co/Xq2sSbNw14
AMD soars as AI chip sales prediction bodes well for rivalry with Nvidia https://t.co/wA7FMZvDq5 https://t.co/c8USAcF2xD
โWe now expect data center GPU revenue to be approximately $400 million in the fourth quarter and exceed $2 billion in 2024 as revenue ramps throughout the year,โ AMD CEO Lisa Su said. https://t.co/44AIo1I871
Fourth-quarter guidance from the provider of cloud-based human capital management software was below analysts' estimates. https://t.co/tP6EdwDLex
Fourth-quarter earnings estimates are dropping fast https://t.co/2s7pyvmHuf
$AMD (-1.0% pre) AMD beats earnings estimates, misses Q4 guidance https://t.co/CKg2LRh1uS
More companies are flagging concerns over the looming threat of an economic slowdown this earnings season https://t.co/EmEYR0aMK9
More companies are flagging concerns over the looming threat of an economic slowdown this earnings season https://t.co/ztn9qLhDIz
AMD narrowly beat expectations for quarterly earnings and revenue, but disappointed on guidance. https://t.co/9cGhaX6KhO
AMD slides as muted outlook clouds Q3 earnings beat with AI chip launch in focus https://t.co/6TvsEBvobC
Advanced Micro Devices issues a fourth-quarter revenue forecast shy of expectations, Paycom Software shares tumble on weak guidance, and First Solar raises the low end of its 2023 earnings outlook. https://t.co/2LXVSfX5Sy
AMD's third quarter financial results show growth, but it'll be AI that determines its future trajectory https://t.co/AKUv79d5mm
Paycom forecasts weak fourth-quarter revenue; shares tank https://t.co/yxmHzNvyPt https://t.co/abxtbaUJ9Y
AMD shares fall on chipmaker's soft fourth-quarter guidance $AMD https://t.co/dPwW3NFGyE
2024 #SP500 earnings estimates are coming down, and earnings growth is contracting. https://t.co/T3f3avmMQE
#sp500 4Q net margins are falling https://t.co/eSjFtoH6Yl
The #sp500 earning estimate for 4Q keeps falling to new lows. https://t.co/w57ut63ObR
AMDโs stock claws back initial losses as it forecasts $2B in AI chip sales in 2024 https://t.co/fJ7X127NwU
$AMD "has adequate supply to support $2bn of AI chip sales, says accelerator revenue in 1q will be $400mn"
$AMD had adequate supply to support $2bn of AI chip sales, says accelerator revenue in 1q will be $400mn