Advanced Micro Devices, Inc. AMD

$AMD

AMD’s AI Chips Can Beat Nvidia, Buy the Stock Now
InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Advanced Micro Devices (NASDAQ:AMD) stock rebounded after a challenging start to the year. A 42% YoY surge in CPU sales powered AMD’s reported revenue of $5.8 billion, with adjusted earnings of $0.70 per share. The company should ship MI300X chips to cloud customers soon, anticipating AI accelerators to boost market share.

AMD stock should see further gains, with analysts projecting an 11% increase from current levels. AMD’s Q3 financial results surpassed expectations, with earnings of 70 cents per share and a 4% YoY increase in revenue to $5.8 billion. The highlight was AMD’s impressive 2024 forecast, expecting $2 billion in AI microchip sales.

Optimistic Q4 Projections for AMD Stock

AMD stock surpassed Q3 earnings expectations but presented a lower Q4 forecast, causing a brief dip in stock value. The company’s AI chips, MI300A and MI300X, are progressing well for anticipated volume production this quarter, boosting confidence for a positive 2024 outlook in the AI chip sector.

AMD CEO Lisa Su expects data center GPU revenue to hit approximately $400 million in Q4 and surpass $2 billion in 2024. Q3 net income rose to $299 million, with revenue up 4% to $5.6 billion. AMD aims for significant growth in its data center business, emphasizing its commitment to the market with recent AI acquisitions and software enhancements.

Smart bulls sold the top ?

You’d be crazy not selling here

Pump and dump alert ?

$AMD Finally getting Attention. $200 by Jan ?

$AMD Boom:? ?
Hidden Gems for Hefty Returns: 1 Stock Set to Double Your Wealth Next Year
Here are three top stocks to buy that should double in 2024

3h ago · By Ian Cooper, InvestorPlace Contributor

Here is the top stock that could double in the new year.
Advanced Micro Devices (AMD): The company could push well above $200 in 2024.

$AMD Watch and Learn BearTards…???

Sounds like the NVdA GPU competition is complete and growing!

Dead cat ?‍⬛?????

$AMD $NVDA Nvidia’s numbers validate $AMD