Advanced Micro Devices (AMD) faces a decline in shares after its first-quarter forecast falls short of expectations. The company expects Q1 revenue of $5.4 billion, compared to analysts' average estimate of $5.73 billion. Despite revising up estimates for AI chip sales in 2024 by $1.5 billion, AMD's stock continues to trend down due to lackluster Q1 estimates. The company aims to sell $3.5 billion worth of its Instinct GPUs and APUs in 2024. AMD CEO Lisa Su emphasizes the importance of AI technology, predicting the AI accelerator market to be worth $400 billion in 2027. The company's confident about the supply for AI accelerators, which they anticipate to exceed the guided $3.5 billion demand.
AMD's confident that the supply for AI accelerators this year is going to be "much larger" than the $3.5 billion demand they have guided. The number is beatable. Here's my full conversation with $AMD @amd CEO @LisaSu https://t.co/mzcE5NbNtF
Analyst updates AMD stock price target after fourth-quarter earnings https://t.co/DTYnzpDPIU
AMD CEO Lisa Su says the AI accelerator market will be worth $400 billion in 2027 https://t.co/7eHBiy54SJ
$AMD CEO says planning for larger number in AI chip demand; AMD has predicted 2024 AI accelerator sales of $3.5B
AMD CEO Lisa Su discusses the impact of the AI transition on the workforce. https://t.co/3UYYnSfFcD https://t.co/iCVMaytoQC
AMD CEO Lisa Su says AI is the most important technology that has been developed over the last 50 years. https://t.co/3UYYnSfFcD https://t.co/Ieu9mAzitt
AMD CEO Lisa Su talking about AI: “I would say we’re at the very very early innings of this compute revolution” - $AMD CEO Lisa Su https://t.co/to6PGt1py9
While the PC market has been difficult for $AMD, will AI boost demand? @AMD CEO @LisaSu lays out the bull case for @JimCramer & @CarlQuintanilla. https://t.co/nvvXdYEkmd
Research Note: AMD Earnings and Managing AI Growth Expectations Takeaways from AMD earnings by @benbajarin https://t.co/MEQY9zedJ1
$AMD has spent the last several years positioning towards AI, boosting its 2024 revenue guidance to $3.5 billion based on AI applications— but is that enough for Wall Street? @AMD CEO @LisuSu joins @JimCramer & @CarlQuintanilla to talk demand, productivity, and more. https://t.co/XRqhZGzizQ
High-flying chipmakers hit after AMD's forecast falls short https://t.co/QSwwfSNCQg https://t.co/yez7gDpYM9
$AMD (-4.6% pre) AMD Stock Price Plummets After Artificial Intelligence (AI) Chip Guidance Fails to Impress Investors -- Is This Also Bad News for Nvidia Stock? https://t.co/Nk8BUtFHkl
AMD earnings could make its pricey stock even more expensive, this analyst says https://t.co/srPjV6D8QL
⚠️ HIGH-FLYING CHIPMAKERS HIT AFTER AMD'S FORECAST FALLS SHORT (Reuters) High-flying semiconductor stocks slipped in trading before the bell on Wednesday after Advanced Micro Devices' disappointing current-quarter revenue forecast added to investor worries over sluggish demand… https://t.co/Z6OkVYSUaE
.@AMD boosts #AI chip forecast by $1.5 billion—not enough for Wall Street AMD's near doubling of its AI processor projections to $3.5 billion was not enough to meet Wall Street's lofty projections for the company's AI fortunes. https://t.co/O12y88Gybn
.@AMD is depending on its newly launched #MI300 accelerators and continued #AI demand to offset an otherwise challenging start to 2024 Aims to sell $3.5 billion worth of its Instinct GPUs and APUs in 2024 https://t.co/EmYQKEdRsd #HPC via @TheRegister
Light guidance weighs heavily on AMD, sending its stock lower https://t.co/hxO2jRhmVK
$AMD is down more than 5% in after hours following its earnings https://t.co/pscaJAm0Oz
After-hours results so far: • $AMD -6.5% • $GOOG -5.5% • $MSFT -2.0% Turns out, there was not much upside left... for now https://t.co/p1FnVaggwd
#AMD revises up estimates for AI chip sales in 2024 by $1.5bn, says #Microsoft quick to deploy new chips. Shares still trending down however on lackluster Q1 estimates. Per #Intel earnings last week, broader semiconductor sector not looking quite so hot this quarter.
$AMD surprised at the reaction after earnings. This stock should be at $150s AMD expects Q1 rev. of $5.4B, plus or minus $300 mln, compared with analysts' average estimate of $5.73B If we creamed $INTC for poor guidance, $AMD off 7% Q1 guidance is similarly poor https://t.co/fw0vGo4DVv
AMD forecasts strong demand for AI chips, shares slide https://t.co/p1zQ3HF8NU https://t.co/4hnnjUkL74
AMD comes up short with earnings outlook as stock loses ground after big rally https://t.co/IL9rMAGu5b
$AMD | AMD Stock Slips After In-Line Q4: Lisa Su Touts 'Exciting Time' For Chipmaker Driven By AI https://t.co/XmyvXk6l0x
AMD shares fall as first-quarter forecast comes in light https://t.co/KNVSQUKyR1