[Earnings Preview] Can AMD shine in the spotlight of PC demand recovery and the AI boom?

AMD,After the market closes on October 31,Earnings call for Q3 (July-September) of 2023 is scheduled to be announced on
According to the moomoo app, the currentmarket consensusfor AMD's Q3 (July-September) of 2023revenueis expected to increase by 2.32% compared to the same period last year.5.694 billiondollars, epsis expected to increase significantly by 412.5% compared to the same period last year, 0.21 dollarsand financial estimates
●Intel's strong financial performance and guidance may have a positive impact on other semiconductor companies, including AMD.
●Attention is focused on AMD's ai chip. In the opportune time when AI is rapidly spreading throughout the industry, there is also optimism that it can surpass Nvidia.

AMD is the second largest PC processor manufacturer after Intel. The company's PC client divisionhas exceeded market expectations with a revenue of 0.998 billion dollars in the previous quarter.In addition, there is information that Nvidia and AMD are advancing PC chip development. According to analysts at Wedbush Securities, both Nvidia and AMD will benefit from the development of new CPUs, but AMD is expected to bring in more profit. The new CPUs may further pressure Intel's share in the PC market, with a potential increase in AMD's share.

Good news for AMD.ARM architectureAMD is the second largest PC processor manufacturer after Intel. The company's PC client division

AI products
Q2 of 23In Q2 of 23, AMD's revenue was $5.36 billion and adjusted EPS was $0.58 each.market expectations.AMD's AI chip development is attracting customer attention, and there is optimism about surpassing Nvidia in the rapidly spreading AI industry.

At the earnings call on the 27th, Intel mentioned the performance of its sales channels in the AI field and stated that the number of sales channels including the Gaudi series DL Accelerator has doubled in the past 90 days.times increaseDone.

In addition, Intel stated that "supply shortages have become a major issue for AI," and analysts also pointed out the positive prospects for AMD's MI300 and AI business.Analysts at Wells Fargo also predicted that in the second half of 2023, AMD's sales for embedded devices would decrease due to the normalization of backlogs, a decrease in customer inventory, and a decline in communications spending. They also expect a decrease in AMD's gaming revenue as the game console market for Xbox and PS5 mature. - moomoo News Ruby, Citron

Gaming, etc.
Wells Fargopredicts that AMD's sales for embedded devices will decrease in the second half of 2023 due to normalization of backlogs, a decrease in customer inventory, and a decline in communications spending. They also predict a decrease in AMD's gaming revenue as the game console market for Xbox and PS5 matures.