AMD expected to report earnings beat in Q1 despite competition from Nvidia and challenges in China

From Nasdaq: 2024-04-30 11:36:00

Semiconductor giant AMD is set to report first-quarter earnings results, expected to post a profit of $0.60/share, with estimates up 1.69% in 60 days. Facing competition from Nvidia, AMD also confronts China’s technological decoupling. Despite hurdles, Zacks predicts another earnings beat. A promising American AI company is predicted to double or quadruple in the near future, according to Zacks experts.



Read more at Nasdaq: Is Advanced Micro Devices (AMD) a Buy Ahead of Q1 Earnings Announcement?