What do you think of the AMD $AMD results?
Bulios Flash News: Advanced Micro Devices (AMD) reported better-than-expected second quarter results. Earnings per share came in at $0.58, up from the estimated $0.57. Revenue fell 18% year-over-year to $5.4 billion, but still beat expectations of $5.32 billion.
Additionally, AMD CEO Lisa Su said "It's clear that AI represents a multi-billion dollar opportunity for AMD. "
A community member's personal view, not investment advice. Community Guidelines
I'm honestly surprised. Because the mines just aren't good yet, they're still going down, and that's where the other things are coming from, plus their P/E? ... like it's great, I wish them well and it pisses me off that I didn't buy. Plus the opportunity in India is great! ... they're different companies, but if I take $SBUX for example which also had results yesterday and vice versa, the share price went down and a bit, even though their earnings are growing due to how the world is already open after Covid.
So with SBUX there were a few flaws. For example, sales growth in stores was 10%, but fell short of estimates of 11%. North American growth was 7% versus the expected 8.4%. With AMD, you have something of a promise that they're going to turn over big bucks, AI, next-gen chips.
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