From Nasdaq: 2024-04-25 12:20:00

Advanced Micro Devices (AMD) is expected to release its first-quarter 2024 results on Apr 30, with revenues projected to be $5.4 billion. Earnings estimates stand at 60 cents per share, showing a positive trend. AMD’s strong portfolio and partnerships have led to significant growth, with data center GPUs and AI PCs driving revenue. Microsoft, Oracle, and others utilize AMD processors for cloud instances, boosting its market presence.

AMD has introduced new accelerators like the Instinct MI300X and Ryzen 8040 series processors, expanding its data center offerings. Data center revenues are expected to grow, with AI PCs contributing to revenue growth. AMD’s first-quarter top-line growth benefited from a recovering PC market, with Lenovo and HP seeing growth. The company’s diverse product portfolio positions it well for overall growth and profitability.

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