AMD DM me: Q2 was good. Did you profit too?
Hey mooers! ![]()
$Advanced Micro Devices(AMD.US$ delivered a standout performance in their Q2, surpassing forecasts with adjusted earnings per share of $0.69, a notch above the $0.68 prediction. The company's revenue reached an impressive $5.84 billion, exceeding Wall Street's projection of $5.73 billion. Notably, data center revenue, encompassing GPU and CPU sales, hit $2.83 billion, outperforming expectations of $2.75 billion and more than doubling from the previous $1.32 billion.
Looking ahead to the Q3, AMD's revenue outlook is also shining brighter than anticipated, with projections set at $6.7 billion, give or take $300 million, comfortably ahead of the Street's $6.6 billion estimate.
This wave certainly lifted the spirits of some mooers, as evidenced by the profits they reaped from this surge:
Other mooers have shared their stories and insights regarding investing in AMD:
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@YawningKitty_x_x has pointed out that
If AMD is seeing the type of demand and growth they’re projecting then imaging what Nvidia is seeing.
AMD said they’re not seeing any slowdown in AI product demand going into/past 2025. This looks like a gap and go reversal on strong news/sentiment which typically indicates a bottom.
I’ve been saying we’re close and I think today solidified it.
AMD in the longer term is going to lose more market share, simply because ARM is going to replace alot of their CPU chips.. they are the budget GPU, and if its only that then ARM can replace it, give ARM some years to get there
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LCS168 : too bad i haven't buy in any AMD share as i scare the quarter report bomb. but it has go up so much after the report. i think can buy if got retracement
102362254 : AMD's great Q2 earnings highlight strong growth and innovation. This could mean a bright future for chip stocks, fueled by higher demand and new technology.
KL6808 : Do not be too fixated about the entry and exit price. Else, you will likely to miss many opportunities.
Eg AMD, wanting to invest but afraid the next result announcement disappoints. Just buy some. If turns out positive, then good, otherwise, not buying a lot, some paper loss won't kill. Rather than do nothing and just keep watching. Till the cow comes home also nothing happens.
As the saying, it ain't about timing, but the time you are in the trade.
WanEH : compare to nvidia, AMD market share is much more smaller. But I think with the new AI chips with competitive price, AMD can gain more market share from Nvidia. buy now and wait it up in future
Edwar Dli : Interesting
Outpost : Amd smaller but their chiplets is the future