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AMD Dumps & Pumps (To New Record High) After Beat-And-Raise
AMD Dumps & Pumps (To New Record High) After Beat-And-Raise
Just wow...
AMD shares initially puked after results dropped showing top- and bottom-line beats:
EPS: $1.37 vs. $1.29 adjusted expected
Revenue: $10.25 billion vs. $9.89 billion expected
But now they are exploding higher after the second-largest AI chipmaker raised estimates:
For the second quarter, AMD said it expects about $11.2 billion in revenue, versus expectations of $10.52 billion, according to LSEG
That is a new record high...
Revenue jumped 38% from $7.44 billion a year ago, the company said in a release on Tuesday, beating in every segment...
Data center...
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