US AMD's sales forecast exceeds market expectations - shift to AI semiconductors
July 31, 2024 5:40 JST
The semiconductor manufacturer US Advanced Micro Devices (AMD) showed a strong outlook for July-September (3rd quarter). It was suggested that new artificial intelligence (AI) processors are boosting growth.
According to the presentation materials on the 30th, sales for the July-September fiscal year are expected to be approximately 6.7 billion dollars (approximately 1.20 trillion yen). According to Bloomberg aggregated data, the average analyst forecast was 6.6 billion 20 million dollars.
In response to the announcement, AMD's stock price temporarily increased by about 2% due to overtime trading after normal trading. It had fallen 6.1% from the beginning of this year until the end of normal trading on this day.
The semiconductor manufacturer US Advanced Micro Devices (AMD) showed a strong outlook for July-September (3rd quarter). It was suggested that new artificial intelligence (AI) processors are boosting growth.
According to the presentation materials on the 30th, sales for the July-September fiscal year are expected to be approximately 6.7 billion dollars (approximately 1.20 trillion yen). According to Bloomberg aggregated data, the average analyst forecast was 6.6 billion 20 million dollars.
In response to the announcement, AMD's stock price temporarily increased by about 2% due to overtime trading after normal trading. It had fallen 6.1% from the beginning of this year until the end of normal trading on this day.
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