AMD expected to report strong Data Center revenues in Q4, offset by declines in Gaming/Embedded.

From Nasdaq: 2025-01-31 12:41:00

Advanced Micro Devices (AMD) is expected to report strong Data Center revenues in Q4 of 2024, with an estimated $4.1 billion, a 79.71% increase YoY. The company’s expanding portfolio, including EPYC CPUs and data center AI accelerators, has boosted its position in the market.

On the flip side, AMD’s Gaming and Embedded segments are expected to decline in Q4 of 2024. Gaming revenues might drop by 62.79% YoY, while Embedded revenues could see a 12.77% decline. The company is transitioning to next-gen products, impacting sales.

For those looking to invest, consider companies like Akamai Technologies (AKAM), AMETEK (AME), and DoorDash (DASH) as they have the potential to beat earnings estimates in their upcoming releases. AKAM and AME have a positive earnings ESP and a Zacks Rank of 2, while DASH is also showing promise with a strong earnings ESP.

Stay updated on AMD’s overall Q4 performance and the latest stock analysis reports for AMD, AKAM, AME, and DASH to make informed investment decisions. With the right combination of factors, these stocks could potentially see growth and positive outcomes in the market.



Read more at Nasdaq: Will AMD Stock Climb on Strong Data Center Revenues in Q4 Earnings?