From Nasdaq:

Advanced Micro Devices (AMD) reported Q4 earnings in line with estimates, with a 10.2% increase in revenues. Data Center revenues surged 38%, while Client segment revenues soared 61.8%. Operating margin contracted by 40 bps. For Q1 2024, AMD expects revenues of $5.4 billion and anticipates a decline in Client, Embedded, and Gaming segment sales.

Estimates for AMD have trended downward, causing a -15.96% shift in consensus estimate. The stock currently has a poor Growth Score of F and an overall VGM Score of F. Despite a Zacks Rank #3 (Hold), expectations suggest an in-line return in the coming months.

Zacks Senior Stock Strategist predicts sky-high growth potential for AI stocks, with the AI industry projected to have a $15.7 trillion economic impact by 2030. Investing in automation that can answer questions, challenge premises, and reject requests is seen as a way to unlock human potential. Investors can access a ChatGPT stock report for more insights.



Read more at Nasdaq: Why Is Advanced Micro (AMD) Up 5.3% Since Last Earnings Report?