Advanced Micro Devices Stock News

Advanced Micro Devices (AMD) Chief Executive Dr. Lisa Su said the company should "very strong" demand for its products in 2022, led by strength in its server products

Advanced Micro Devices, Inc. (NASDAQ: AMD ) announced fourth-quarter results Tuesday that exceeded expectations on all metrics, with strong data center revenues and server and gaming processor sales being the highlights. The company issued upbeat forecasts for the March quarter as well as the fiscal-year 2022 amid the ramp of existing products and launch of next-gen product planned for the year. AMD''s Key Q4 Numbers: Santa Clara, California-based AMD reported fourth-quarter non-GAAP earnings per share of 92 cents per share, up 77% year-over-year from the 52 cents reported a year ago. The bottom-line result was 26% higher than the 73 cents per share made in the previous quarter. Revenues climbed 49% year-over-year and 12% quarter-over-quarter to $4.826 billion, beating the guidance for $4.5 billion, plus or minus $100 million. The results also exceeded the consensus estimates that called for EPS of 76 cents per share and revenues of $4.52 billion. "Each of our businesses performed extremely well, with data center revenue doubling year-over-year driven by growing adoption of AMD EPYC processors across cloud and enterprise customers," said AMD president and CEO Dr.

AMD has been riding a surge in PC and electronics sales over the past two years.

Advanced Micro Devices press release (AMD): Q4 Non-GAAP EPS of $0.92 beats by $0.16.Revenue of $4.83B (+49.1% Y/Y) beats by $310M.Shares +6.8%.For 1Q22, revenue to be approximately…

The post AMD Reports Earnings This Afternoon. Heres What to Expect. appeared on BitcoinEthereumNews.com . Text size An AMD processor. Growth in demand for chips used in PCs is expected to slow, while analysts are upbeat about the outlook for servers. Dreamstime While the recent

Futures Reverse Gains As Nail-biting Volatility Enters February World stocks began the new month on firmer ground, after a volatile January, as reassuring comments from Federal Reserve officials helped to calm rate-hike jitters even though US futures failed to extend recent gains. After closing out January with a furious two-day, dip-buying meltup thanks to a flood of inbound month-end rebalancing, US index futures briefly traded through Mondays highs, backed by decent rally in European equities where financials outperformed, boosted by solid UBS earnings, before dipping lower as the volatility seen in past days lingered. At 7:00am ET, emini S&P futures traded 0.23%, or 10.5 points lower, Nasdaq futures were also red, some 31 points or 0.15% lower, and Dow futures dropped 0.2% as investors weighed cautious rate-hike commentary from Fed officials and awaited earnings from firms including Alphabet and General Motors. Treasuries climbed and the dollar weakened. Oil fell, but held close to seven-year highs.

Advanced Micro Devices (NASDAQ:AMD) is scheduled to announce Q4 earnings results on Tuesday, February 1st, after market close.The consensus EPS Estimate is $0.76 (+46.2% Y/Y) and

The major US indices are open up with mixed results. The Dow and S&P are lower while the NASDAQ index is trading higher. The Russell 2000 which fell over 20% from its high last week is currently down as well.This week, there will be a number of key earnings releases. AMD, Paypal, Alphabet, GM, Starb

American futures tilted higher cautiously as investors waited for key quarterly earnings scheduled for this week. Some of the top companies expected to publish their results are Amazon, Alphabet, AMD, Pentair, Meta Platforms and Electronic Arts. On Amazon, analysts expect that the companys business did well in the fourth quarter, helped by cloud segment. Analysts [] The post Stock Futures Tilt Upwards ahead of Amazon and Alphabet Earnings appeared first on Action Forex .

AMD has reached support at the September low and psychological 100 level, generating a tailwind that could yield 20% short-term upside.

AMD receives approval for its Xilinx acquisition.